The team behind DeHorizon, a gaming decentralized autonomous organization in the Metaverse, announced that the community has recorded another milestone as it successfully raised $8.5 million in a prelude to its proper Series A funding round.
Three major investors championed this round: Dragonfly Capital, Sfermion, and Everest Ventures Group. The secondary investors include Blockdream Ventures, Yield Guild Games, Republic Realm, Youbi Capital, Jsquare, Infinity Venture Crypto, Bitscale, ByBit, Lucid Blue Ventures among others.
In addition, some angel investors also plugged their funds into the round. They were Darren Lau, Miss Bitcoin, Santiago Santos, MASA, and Bo Feng.
“We are excited to back DeHorizon to drive GameFi adoption across the world. GameFi presents an opportunity to bring the next billion users into the crypto economy,” said Bo Feng, one of the angel investors.
The team behind DeHorizon publicized that the fund will be geared towards three goals: product development, partnerships, team growth.
The current product of DeHorizon’s is DeVerse – a blockchain game on the Metaverse. DeVerse is a rural action game, with high-fantasy, where the characters embark on several adventures – heroic quests, monster battles, and lots more.
Asides from that, the team is also working on “one secret project” that is yet to be unveiled.
Furthermore, DeHorizon is planning to gain traction to its DAO by collaborating with celebrities and influencers who will create awareness about it.
Finally, the community is planning to utilize this fund to build a more robust team. According to the release, this will help the day-to-day product improvement of the DAO.