Arcade2Earn has earned $3.2 million in a seed funding round led by Crypto.com Capital.
According to Arcade co-founder Jaleel Menifee, the funding was realised via a simple agreement for future tokens (SAFT). The company's utility token is also known by the same name, arcade.
According to research, funding for web3 investments has fallen this year, however, gaming projects have remained valuable or popular as most venture funding has gone to NFTs and gaming in the third quarter.
Arcade claims a unique selling point, it says that it has a unique concept called "mission pools" which allows gamers to make money without owning NFTs.
According to the company, users who have gained approval from the company can be a mission pool operator and gain access to games using NFTs owned by Arcade's treasury or lent to Arcade. Later, they can be used to generate rewards.
Furthermore, mission pool contributors can become arcade token holders who get to decide which operators and in-game activities...
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