What is Ethlas?
Ethlas operates as a comprehensive free-to-play, play-to-earn platform designed to democratize access to cryptocurrency rewards. By integrating blockchain technology into accessible gaming experiences, the company enables users to earn and encash digital assets seamlessly. This market position is critical, as it addresses the primary friction points in Web3 adoption—complexity and accessibility—thereby fostering a more inclusive digital economy. The platform serves as a gateway for the layperson to participate in the decentralized finance revolution through interactive 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 Venturra, Global Blockchain Innovative Capital, Deus Ex DAO, Dragonfly Capital, Makers Fund, Play It Forward DAO, Hustle Fund, Yield Guild Games, BlockchainSpace, The Genesis Fund, and Sequoia Capital
Key Investors in Ethlas
Venturra
Venturra is a Southeast Asia-based venture capital firm that invests in early-stage, high-growth technology-enabled companies. The firm focuses on businesses with the ambition to redefine industries and aims to support creatives, trailblazers, and pioneers in their respective fields.
Global Blockchain Innovative Capital
GBIC is a global crypto fund that has been supporting innovative founders in the Web3 space since 2018. They focus on investments in blockchain technology and digital assets to drive the evolution of the decentralized economy.
Makers Fund
Makers Fund is a global venture capital fund focused on supporting the next generation of creators and innovators in the games and interactive entertainment industry. They provide capital and strategic guidance to help visionary entrepreneurs establish their businesses.
What's next for Ethlas?
With this major strategic investment, Ethlas is well-positioned to accelerate its product development roadmap and expand its user base. The company is expected to focus on enhancing its gaming infrastructure, refining its tokenomics, and scaling its operations to meet the rising demand for play-to-earn solutions. By prioritizing user experience and sustainable economic models, Ethlas aims to solidify its standing as a leader in the interactive entertainment space, potentially setting new standards for how blockchain-enabled games interact with global financial markets.
See full Ethlas company page
