Brazil’s Jungle Game Studio Completes Seed Round Financing of $6 Million

Brazils Jungle Game Studio Completes Seed Round Financing of $6 Million

It is reported that Brazil’s Web3 game studio Jungle has completed a seed round financing of US $6 million. Bitkraft and Framework Ventures jointly led the investment, and Delphi Digital, Karatage, Fourth Revolution Capital, Monoceros, 32bit Ventures, Stateless Ventures, Snackclub and Norte Ventures participated in the investment. (The Block)

Web3 game studio Jungle completed $6 million seed round financing

Analysis based on this information:


Brazil’s Jungle Game Studio has reportedly completed a seed round financing for a total of US $6 million. The funding round was led by Bitkraft and Framework Ventures, two well-known venture capital firms that specialize in gaming and blockchain technology. Delphi Digital, Karatage, Fourth Revolution Capital, Monoceros, 32bit Ventures, Stateless Ventures, Snackclub, and Norte Ventures also participated in the investment.

Jungle Game Studio is a web3 game studio based in Brazil that focuses on developing blockchain-based games. With the rise of blockchain technology, the gaming industry has seen a growing interest in web3 games that use blockchain technology to enhance the gaming experience. Jungle Game Studio is one of the leading developers of web3 games in Brazil, with a portfolio that includes popular games like The Sandbox.

Bitkraft and Framework Ventures are well-known investors in the gaming industry. Bitkraft is a venture capital firm that focuses on investing in esports, gaming, and interactive media. It has invested in well-known gaming companies like Supercell, Discord, and Epic Games. Framework Ventures is another venture capital firm that focuses on investing in blockchain technology and has a successful track record of investing in early-stage blockchain startups.

The participation of Delphi Digital, Karatage, Fourth Revolution Capital, Monoceros, 32bit Ventures, Stateless Ventures, Snackclub, and Norte Ventures in the investment highlights the growing interest in web3 games and the potential for blockchain technology in the gaming industry. With this funding round, Jungle Game Studio will be able to further develop and expand its portfolio of web3 games, as well as invest in research and development of new blockchain-based technologies.

In conclusion, the completion of the seed round financing by Jungle Game Studio is a significant development in the gaming industry, particularly in the web3 gaming sector. The participation of Bitkraft and Framework Ventures, along with other prominent investors, highlights the growing interest in blockchain technology and its potential to revolutionize the gaming industry. The fact that a Brazilian game developer is at the forefront of this technological shift is also noteworthy and bodes well for the future of the Brazilian gaming industry.

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