What is Ethlas?
Ethlas operates as a free-to-play, play-to-earn platform designed to enable everyday users to win and encash cryptocurrency. The company is positioning itself at the intersection of gaming and decentralized finance, aiming to democratize access to digital asset earnings within an engaging gaming environment. This strategic approach targets a broad audience seeking accessible entry points into the cryptocurrency space through entertainment.
How much funding has Ethlas raised?
Ethlas has raised a total of $8.7M across 1 funding round:
Angel/Seed
$8.7M
Angel/Seed (2022): $8.7M with participation from Yield Guild Games, Global Blockchain Innovative Capital, Play It Forward DAO, Sequoia Capital, Makers Fund, Venturra, Deus Ex DAO, Dragonfly Capital, Hustle Fund, BlockchainSpace, and The Genesis Fund
Key Investors in Ethlas
Yield Guild Games
Yield Guild Games, a Philippines-based entity, is known for its involvement in mobile game development and the integration of NFTs to facilitate play-to-pay models, aligning with Ethlas's play-to-earn objectives.
Global Blockchain Innovative Capital
Global Blockchain Innovative Capital (GBIC) is a venture fund specializing in blockchain technology and digital assets, actively supporting innovative founders in the Web3 space since 2018.
Sequoia Capital
Sequoia Capital, a prominent global venture capital firm, invests across various stages and is known for its long-term partnerships with entrepreneurs aiming to build market-leading companies.
What's next for Ethlas?
The substantial enterprise-level backing indicates Ethlas is poised for significant scaling and further platform development. This infusion of capital will likely fuel expansion into new markets, enhancement of its gaming ecosystem, and strategic partnerships to broaden its user base and crypto-earning opportunities. The focus on strategic investment suggests a move towards solidifying its market position and potentially exploring new revenue streams within the Web3 gaming landscape.
See full Ethlas company page
