Splinterlands Raises $3.6M After Reaching 150,000 Players

July 27, 2021 — Splinterlands, an NFT-based trading card game, has announced the completion of a private sale for the upcoming Splintershards (SPS) token, netting $3.6 million.

The funding round included a number of crypto-native funds and ecosystem players, such as  Animoca Brands, Blockchain Founders Fund, QCP/QSN Ventures, Enjin, Polygon/Matic, Yield Guild Gaming (YGG), Gate.io, 3Commas Capital, Alpha Sigma Capital, Blockchain Founders Fund, AGE Global Fund, TechmeetsTrader, MVST:MG Fund, Black Dragon Capital, Sheesha Finance, Plutus VC, Bad Crypto Podcast, Altcoinbuzz, TeraBlock Capital, Panda Capital, Shima Capital, Illuvium Capital, Baselayer Capital, Faculty Group, SMO Capital, Vendetta Capital, DAF Liquid Venture Fund (DACM), IBA, Youbi, AppWorks, Market Across, Banter Capital, Bonfire Union, Centrality, Pluto Digital, New Tribe Ventures, Faculty Group, Phoenix Fund, G1 Ventures, and many more exciting partners.

Individual investors include Cecilia Li, Ran Neuner, senior executives at major crypto exchanges, Founders of JennyDAO, Founder of Sandbox, CEO of Taiwan Mobile, Founder of Simplex, and many major influencers across the blockchain space.

Only 6.6% of the total SPS supply has been reserved for the private sale, subject to a 10 month vesting period. This has been done with the explicit purpose of fostering community ownership while collecting a sufficient amount of funds to continue building Splinterlands and other products. 

The Splintershards token is a new governance token built for the Splintershards Decentralized Autonomous Organization, which will be responsible for setting important game-related governance proposals. SPS holders will be able to weigh in on Splinterlands-sponsored tournament proposals, card balance updates, quests and other rewards, in-game battle balance changes, as well as emissions of Dark Energy Crystal (DEC) tokens.

The investment round comes as Splinterlands posts record in registered users, having recently surpassed the 150,000 accounts milestone. Building through bear markets and flash crashes, the Splinterlands team succeeded in creating an interesting and rewarding game where the main attraction is the game itself. NFT mechanics help in user retention and rewards, allowing them to play to earn and save progress on the immutable Hive ledger.

About Splinterlands

Splinterlands is a trading card game built using blockchain technology that enables users to play anytime, trade anytime, and earn every win. Players compete for a limited reward pool of the Splinterlands in-game cryptocurrency token called Dark Energy Crystals (DEC) as well as provably scarce and valuable NFTs from daily quests and bi-weekly season rewards. Battle for glory and riches or passively rent out your cards. The greatness of the Splinterlands awaits. Be sure to check it out at https://splinterlands.com and join the vibrant Splinterlands player community in Discord or Telegram https://discord.splinterlands.com/ and https://t.me/splinterlandshq

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