Kyoko Raises $3.6 Million Ahead of Triple IDO, INO & IVO Public Sale
Kyoko.finance has raised $3.6 million in strategic funding. The DAO-to-DAO credit provider and cross-chain GameFi NFT lending market’s team prepares to launch its IDO, INO, and IVO on March 22, 2022.
[6 March 2022, Singapore] — Kyoko.finance (“Kyoko”), the DAO-to-DAO credit provider and cross-chain GameFi NFT lending market for guilds and players, announced today that it has raised $3.6 million in its strategic funding round. ATEN Infinity Ventures led the round, with additional participation from Morningstar Ventures, Kliff Capital, Cherubic Ventures, Kosmos Ventures, Vespertine Ventures, Tess Ventures, Cryptobuddy, and others.
The strategic funding round will help Kyoko expand its foothold in crucial markets worldwide. Growth has been recorded among players, games, guilds, and decentralized autonomous organizations (DAOs) exploring the DAO-to-DAO credit lending and cross-chain asset lending platforms. Solutions provided by Kyoko can propel GameFi and Web3 into the mainstream and enhance their appeal. Unsecured and collateralized DAO-to-DAO credit lending services provide much-needed liquidity to Web3 industry development, while its cross-chain asset lending platform addresses the rising cost of entry within the GameFi segment.
Kyoko will closely work together with its strategic round investors to solidify its presence across the flourishing GameFi communities located in Southeast Asia, East Asia, Russia, India, and other strategic regions.
Kyoko Head of Investor Relations and Business Development Steve Hopkins adds:
“This recent round of strategic funding provides us with the resources and connections needed to establish Kyoko as a powerhouse within our most high-impact markets. It also comes at an exciting time for Kyoko as we launch our full suite of products and drive towards our IDO, INO, and IVO.”
Following the successful strategic funding, Kyoko will start preparations for its upcoming IDO on March 22, 2022. The project will also launch its INO sale of Kyoko Pawns, an exclusive collection of one-thousand NFTs minted by Kyoko that gives exclusive benefits to the NFT holder, as well as an innovative initial voucher offering, or “IVO,” which allows investors to purchase stakes in Kyoko Pawns through fractional shares at lower cost.
Learn more about Kyoko’s IDO whitelist activities and other project updates on Twitter at @kyokoFinance.
Kyoko.finance is a DAO-to-DAO and cross-chain GameFi NFT lending market for guilds and players. Kyoko’s DAO-to-DAO lending offers liquidity to promote web3 development, while its guild-to-guild lending, P2P NFT lending, and cross-chain asset lending platforms aim to solve the most pressing issues challenging the GameFi market, including the rising cost of entry and siloed in-game assets across different blockchains. Kyoko’s metaverse will also allow Guilds to display their history, progress, and other accomplishments, while players can connect with others in a world that can be built in, developed, and sold off.
Follow Kyoko at the links below to stay up to date on upcoming events, releases, and news.