Gudchain Closes $5M Investment Round
The round was led by Mechanism Capital and with participation from Manifold, SkyVision Capital, ourselves, and others.
Congrats to Gudchain on raising $5M. The round was led by Mechanism Capital and with participation from Manifold, SkyVision Capital, ourselves, and others.
Gudchain is a gaming-focused OP-stack-based L2 blockchain that aims to simplify Web3 complexities and access for players. It is built by our long-time portfolio company, Highstreet Market. Gudchain will become a foundation layer for Highstreet products, starting with Highstreet World VR MMO being the first game to launch on the chain.
Over the past months, the team has built a wallet with account abstraction at its core, enabling cross-platform compatibility with browsers, movies, and VR devices.
They have also built a Unity SDK with pre-configured Web3 blueprints for multiple gaming genres.
The team has also signed 5 flagship games, which they plan to launch on the chain in the next 6 months.
Learn more: ➡️ here
About Gudchain
Gudchain stands as a pioneering platform crafted purposely to advance the use of blockchain in gaming.
About Morningstar Ventures
Morningstar Ventures is an investment firm backing ambitious ideas by early-stage founders. Based in Dubai, Morningstar Ventures focuses primarily on the blockchain and digital assets space and is led by CEO Danilo S. Carlucci. The firm is active in token and equity investments and has a particularly strong focus on the MultiversX ecosystem.
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