Metaverse Project DigiNation Completed 2.4 Million Fund to Launch A Squid Game-like Contest Starring CryptoPunks
Metaverse gaming project DigiNation has successfully raised a total of $2.4M from venture capital firms and strategic players in the industry. The investors include: Longhash Ventures, OKEx Blockdream Ventures, Huobi Ventures, RareStone Capital, Spark Digital Capital, Yuanyuzhou Ventures and 21DAO Ventures.
Starting on the Ethereum blockchain, DigiNation is an all-encompassing ecosystem that comprises virtual gaming with DigiPlayer using NFT DigiAvatars, a 3D design studio called DigiMaker, a web gallery named NFT Live, and an OpenSea-esque integrated marketplace known as DigiMarket.
To get started on DigiNation you can make a DigiAvatar NFT that has evolving attributes. In the DigiNation metaverse, DigiAvatars NFTs are the indigenous citizens, and these NFTs’ attributes such as Experience and Fame can grow according to the player’s activities in the game.
On November 19th the public mint of 950 DigiAvatar NFTs on Ethereum sold out in 8 minutes.
With interoperability being a stated goal of the DigiNation team, the hope is whether they are on Ethereum or on other blockchains, that DigiAvatar NFTs can access not only the DigiNation but also other metaverses. Similarly, third-party NFTs can be imported to DigiNation via NFT Live. For example, it will be possible to import a 2D picture NFT such as a CryptoPunk – which DigiNation will convert into an animated 3D avatar for use in the game.
The team plans to kick start the DigiNation in December by launching a multiplayer online tournament called Crypto Survivor, a sort of amalgam of the TV series Survivor and Squid Game, inviting reputable NFT projects such as CryptoPunks and Pudgy Penguins to star in the tournament.