UK-based Web3 game studio Dragonz Lab has announced the completion of a $9 million funding round led by Syndicate Capital. Dragonz Lab plans to use the funds to further develop the ecosystem of its Play-to-Earn game, Dragonz Land. The game currently has over 5.30 million monthly active users, and the funding will be used to enhance features such as PvP tournaments, strategic guild collaborations, and customer loyalty programs.

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<p>According to a report by Chainwire on October 9, Deep Tide TechFlow announced that the UK Web3 game studio Dragonz Lab has secured $9 million in funding led by Syndicate Capital Limited Partnership Fund (LPF). Dragonz Lab plans to use this funding to further develop the ecosystem of its Play-2-Earn game Dragonz Land. The game currently has over 5.30 million monthly active users, and the funding will be used to enhance features such as PvP tournaments, strategic guild collaborations, and customer loyalty programs.</p>
<p>Dragonz Land combines unique NFT cards, dynamic gameplay, and community involvement, allowing players to buy, collect, upgrade, and trade cards across 16 different factions. The game is available on mobile and desktop via Telegram, utilizing blockchain technology to ensure secure transactions and true ownership of digital assets. Dr. Albert Yip, Chairman of Syndicate Capital LPF, stated that Dragonz Land represents the future of gaming and Web3, combining successful experiences from customer loyalty programs, the excitement of GameFi, innovative blockchain technology, and successful revenue models.</p>
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Web3 game studio Dragonz Lab secures $9 million in funding, led by Syndicate Capital.