Cardano metaverse startup, Cardalonia secured $420K in Pre-Seed Funding

 

Cardalonia, an Estonia-based Cardano metaverse startup, has now secured $420k in the pre-seed funding round.

Cardalonia is a virtual world where the players can build, own and customize their own experiences on the Cardano Blockchain. Users can earn, create, play, trade, socialize, and so much more based on the P2E concept, which means that players will be able to explore it while they earn and spend using in-game money known as Lonia Tokens.

Kitikat Metaventures, an angel investment firm speaking about the pre-seed round said, "Cardalonia has a solid Metaverse play to earn concept that would be self-sustaining while also rewarding the creators and at the same time driving the demand of the entire Cardalonia assets."

Piyanut Wonglakhon, an advisor to the Metaverse Startup said "We believe in the prospects of the universe, and it is already evident as we have seen big brands getting into the new technology".

The round was led by Hedgespur Capital, Kitikat Metaventures, and some other investors, which included the blockchain players.

The pre-seed funding securing round will help the organization to kick off the project, enter the strategic partnerships, onboard more developers, and also bring more enthusiasts into the Metaverse space.