PR93463

SINGAPORE, Dec. 3, 2021 /PRNewswire=KYODO JBN/ --

AAG Ventures (AAGV), the fast-growing Play-to-Earn (P2E) guild and P2E /

Learn-to-Earn (L2E) platform, is pleased to announce that it has successfully

raised over $12 million in a private funding round that concluded this week.

This is the 2nd largest private round for P2E guilds or guild platforms

reported to date.

The Private Round was led by Shima Capital, Tribe Capital and Tess Ventures,

and includes HashKey Capital, Everest Ventures Group, Republic Realm, Portico

Ventures, Genblock Capital, Kosmos Capital, Muses Builder, GDP Venture, Slayton

Capital, Synergis Capital, ViaBTC Capital, Sanctor Capital, YellowBlocks,

Oyster Ventures, and Fomocraft Ventures. It also includes game studio backers

Vulcan Forged, Sipher, Cukies.world, Immortal Game, and Community Gaming.

"The shift from Free2Play to Play2Earn will give rise to the guild model and

foster the growth of hundreds of guild startups," said Han Kao, founder of

Sanctor Capital. "AAG Ventures takes this fundamental evolution one step

further by providing the tools and infrastructure for these such guilds to

operate and serve their scholars."

The funding will allow AAGV to launch beta versions of its P2E and L2E

platforms in 2022 as well as expand its guild. The company has a goal to bring

100M people onto the metaverse by 2030 to spread economic sufficiency.  

"Play-To-Earn has given the world a way to deliver billions of dollars to

millions of people, often where it is most needed and through an engaging

medium," said Nelly Sutjiadi, Co-Founder and Chairwoman ", We're excited to

accelerate and amplify its impact, as well as introduce the sister concept of

Learn-To-Earn, which we think will have comparable impact while educating

people."

The P2E platform will provide the software infrastructure needed by nearly all

P2E guilds and serve as the backbone for P2E participants. "We think the best

chance for us to get to 100M scholars is by cooperating and enabling other

guilds rather than competing with them," said AAGV Co-Founder and CEO Jack

Vinijtrongjit. "The platform model is how we can best do that and is aligned

with our deep software expertise."

The L2E platform is a new concept that takes the best of P2E but redirects its

focus directly on education. L2E players will earn crypto while learning

transferable skills (e.g., math, programming) that can make them more

employable in a gamified fashion. Vladimir Velmeshev, Partner at Kosmos

Ventures says ", We are also excited about AAGV's exploration of future use

cases for P2E and the potential shift from in-game tasks to more useful tasks,

such as programming, learning, or general problem-solving."

The funding will also enable AAGV to continue to expand its own guild, which

currently includes more than 2,000 scholars across the Philippines and six

other countries. This effort will help more people achieve economic sufficiency

through P2E and also allow AAGV to expand across the globe, diversify across

games and most importantly gain insights on Guilds' pain points to inform the

P2E Platform design.

Photo: https://mma.prnewswire.com/media/1701277/AAG_Ventures_Funding.jpg

Web: https://aag.ventures/

Twitter: https://twitter.com/aag_ventures  

Medium: https://blog.aag.ventures

Telegram: https://t.me/aagventures

Instagram: https://www.instagram.com/aagventures/

Media contact: Totis, totis@aag.ventures, +447429602241

Source: AAG Ventures