PANews reported on October 24 that according to The Block, Bitkraft Ventures led a $9 million seed round of financing for Web3 mobile gaming platform Party Icons. This round of financing also included participation from IDG Capital and Sebastien Borget, co-founder of The Sandbox. The funds will be used to promote the development of Party Icons' games and social experiences and strengthen its Web3 infrastructure.
Jonathan Huang, partner at Bitkraft, said that the goal of Party Icons is to combine the social elements of party games with the tension of shooting games. Party Icons currently offers three different modes and hopes to become a platform for players to not only play games, but also a space for social interaction. Although crypto games have had difficulty entering the mainstream market in the past, investors continue to support Web3 game projects.
Quinn Campbell, vice president of growth at Party Icons, pointed out that the platform focuses on "short-term entertainment" and most games last less than 12 minutes. In April this year, Bitkraft also co-invested in the $10 million financing of crypto game studio Avalon .
