The post Gaming company iCandy to launch ZKCandy L2 after $4M funding round appeared on BitcoinEthereumNews.com.

Animoca Brands and other VCs are invested to fund the new ZKcandy chain, supported by gaming company iCandy. While the Web3 gaming sector has attracted fewer internal investments, it appears some companies have plans to revive both on-chain activity and gaming.  ZKCandy, a new L2 created specifically for Web3 gaming, has closed a $4M round with Animoca Brands in participation. As Web3 gaming fell off the narrative map, insider funds are still supporting projects in a bid to revive the mix of traditional and on-chain games.  🎉 Funding the Future: #ZKcandy has successfully secured $4M 🎉 With participation from @WemixNetwork, @animocaventures, @TheSpartanGroup, @thejinkang (Perlone Capital), @Presto_Labs, @flowdesk_co, @LECCAVentures, @efrontier_io, @prometheuz_io We’re deeply thankful to our… pic.twitter.com/IXclsikc8K — ZKcandy 🍬⛓️ – L2 Gaming ZK Chain (@ZKcandyHQ) January 6, 2025 Wemix, one of the leading producers of on-chain games also joined Animoca Brands in the funding round. Other participants in the funding included Spartan Group and Perlone Capital. The deal is the first significant funding in the new year, following 12 months of recovering VC inflows.  “We want to bring in top games and other large IPs and create a space where users can enjoy smooth, secure, and rewarding experiences,” said Lau Kin Wai, CEO of ZKCandy. Animoca Brands and Wemix have also explored offering free-to-play games without the on-chain component. ZKCandy will offer a seamless tool to add tokens without requiring significant fees.  The project launched with the support of iCandy, an award-winning game developer focused on the Asia-Pacific region. The company has built more than 500 games, reaching a market of 300M players. The company produces idle games and puzzles, which have been combined in the past with on-chain activity and tokens.  The public gaming company is based in Australia. The gaming company itself has raised $37.5M through several funding rounds…

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Filed under: News - @ January 6, 2025 1:27 pm