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Susquehanna Leads $10M Funding in Metaverse Platform StarryNift


www.coindesk.com 10 May 2022 11:42, UTC
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Metaverse co-creation platform StarryNift raised $10 million in a funding round led by Susquehanna International Group (SIG), the firms said in an emailed announcement.

Other investors in the pre-A round include Binance Labs, BSC Fund, Alameda Research and GBV Capital. SIG is one of the earliest and largest investors of ByteDance, the Chinese parent of TikTok.

StarryNift allows players and commercial users to create, auction, trade and play with unique non-fungible tokens (NFTs). Alongside items that can be used digitally, players can also customize their avatars and farm rewards from participating in and contributing to the development of the project.

“The uniqueness and irreplaceability nature of NFTs enables digital content to become assets, and the game is one of the most compatible digital content with NFTs,” explained Lv Nan, a SIG investment manager who has joined StarryNift's board of directors. “Game tokens, equipment and pets can be digitized and created as a digital currency.”

“With the fusion of NFTs into games, players continuously earn rewards and become more involved, making NFT games more engaging and sustainable,” he said.

StarryNift will be holding its Anniversary Carnival later this month with the launch of a metaverse called “Starryverse,” a marketplace, a spaceship expedition game and other features.

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