Kandle, a Singapore-based crypto fantasy GameFi project, has acquired $1.7 million in initial funding lead by Saama.
The round was also attended by PointOne Capital, Cloud Capital, Good Capital, Founder’s Room, Seeders Fund, and CoinDCX CEO Sumit Gupta.
GameFi is a blockchain technology, gaming, and decentralised finance platform that allows players to earn cryptocurrency and NFTs by playing games on the network.
GameFi also enables the transfer of virtual world gaming items, enabling trading on NFT marketplaces and crypto exchanges.
Kandle provides fantasy games based on crypto currency in which players compete for prizes.