Polkadot-based GameFi Ajuna Network raises $7M for ecosystem development

Polkadot-based decentralized gaming platform Ajuna Network has raised $7 million from industry investors through private and seed funding rounds.

The platform intends to use the fresh capital to develop its network and toolset, integrating better game engines and off-chain game operators. Ajuna’s goal is to improve the player experience through blockchain and non-fungible tokens (NFTs).

Ajuna Network secures $7 million in financing

According to a press release shared with crypto potatoThe private round, which took place first and was led by Asian blockchain-focused venture capital (VC) firm CMCC Global, raised $5 million.

Through the investment, CMCC Global has joined a growing list of investors, including Animoca Brands, OKX Blockdream Ventures and Signum Capital, backing Ajuna’s parent company, BloGa Tech AG.

Commenting on the private round, Charlie Morris, Founding Partner of CMCC Global, said:

“We are delighted to lead this funding round at Ajuna. The platform allows studios to embed immutable digital assets into their games, resulting in powerful new experiences for players. We are excited about the upcoming Ajuna releases and look forward to supporting the team as they take blockchain gaming mainstream.”

The seed round was announced this month and increase $2 million additional. The round was led by blockchain-focused VC Fundamental Labs.

Cedric Decoster, CEO of Ajuna Network, said:

“We are delighted with the support of our new investors led by CMCC Global, who not only share our drive to build Ajuna Network, but also our passion for the gaming space. With this strong support and a growing community, we will continue to build on Polkadot, Ethereum, and Polygon.”

Ajuna presents the NFT collection

According to the statement, Ajuna plans to collaborate with other organizations to continue developing community products to be deployed on its network.

In keeping with Ajuna’s vision of using blockchain and NFT, the company has also released its first season of “Awesome Ajuna Avatars”. Inspired by the platform’s flagship game, BattleMogs, more seasons will launch later this year.