According to TechFlow news, the community co-created AIGC game Gabby World announced the completion of a $2 million financing round at a valuation of $20 million. The investors include 13 institutions such as SevenX Ventures, OnePiece Labs, Everest Ventures Group, Huofeng Capital, and Zonff Partners, as well as 8 angel investors including former partners from Republic, former partners from Hashed, and partners from Gam3Girl Ventures.
Previously, Gabby World’s token $GABBY was issued at the end of October on the Solana ecosystem DEX Jupiter with a market capitalization of $10,000, aiming to further implement the project's advocated fair token release economic model for on-demand release and buyback destruction.
It is reported that Gabby World is a community co-created AIGC Dungeons & Dragons game and the first VC token issued at a low market value through a "fair release" token economy. It aims to further explore new paradigms for issuing VC tokens that counter "low liquidity and high FDV" and oppose time-locked releases.