Monopoly Millionaire Game Raised USD 1 Million in Seed Funding
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Monopoly Millionaire Game, a marine-themed GameFi that involves island construction, cultivating, shooting and more, announced that it has completed a seed funding of 1 million US Dollar. By this round of funding, MMG was valued at 10 million US Dollar.
Mirana Ventures led the seed funding round. Other notable investors included Kernel Ventures, Mint Ventures, Crypto J, and Ventorylabs.
MMG Team said it will use the fund to help realize the MMG GameFi vision and attract more users to participate in the Web3 games. In MMG, players shall buy Cannon NFTs to get the entry. With the NFT entry, players can earn daily check-in rewards and P2E rewards. Daily check-in rewards guarantee players to earn their principal back. Besides, players can earn additional rewards by P2E within the NFT life cycle.
"In MMG GameFi economic model, each NFT has a life cycle, that means, each can only be used for P2E for a limited period of time. Players have to upgrade the NFT or sell it in the marketplace when its life cycle expires. This enables us to better control inflation and have a healthier ecosystem,'' Monopoly Millionaire Game CEO Angle told on an earlier Press Release at Cointelegraph. "Now MMG GameFi official version is launched. We welcome all users across the world to visit Monopoly Millionaire Game official website to download and experience the game."
Monopoly Millionaire Game is developed by group members who have rich game-developing experience in world-famous Internet companies. Even though the product is still in its early stages, investors believe it has significant growth potential to connect game players all over the world.
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