Advertisement

Advertisement

Syn City Mafia Metaverse Raises $8 Million from Industry Leading Investors

Syn City Mafia Metaverse Raises $8 Million from Industry Leading Investors

Syn City, positioned as the Mafia Metaverse, has raised an investment of $8 million. Twitch co-founder Justin Kan and Zynga China’s co-founder Robin Chan’s Goat Capital led the round along with a range of other investors, including A&T Capital, Alex Pack’s Hack VC, Animoca Brands, Spartan Group, Project Galaxy, Huobi Ventures, iAngels, and Superpower. Additionally, a host of super angels took part. The list included Synthetix’s Jordan Momtazi, Terra’s Do Kwon, CMC's Luke Wagman, Superfarm's Elliot Wainman, Alex Becker, Aave’s Stani Kulechov, Coinlist's Paul Menchov, Illuvium's Kieran Warwick, Santiago R Santos, and many more. 

 

What Makes Syn City Unique?

One of the most enticing features of Syn City is that it leverages a cutting-edge gaming engine to bring real-world NFT utilities and the functioning of a decentralized finance system closer. Moreover, the game follows the Free to Play - Play to Earn model. 

Developed by a team of industry veterans from companies like Disney, Ubisoft, Roblox, EA, Gameloft, Google, Yahoo, and Twitter, Syn City has initiated a new type of governance system known as MaaD or Mafia-as-a-DAO. Here, gamers can form syndicates among themselves to play and earn together. Earning channels include daily events like PvE, PvP, and other cross-chain tournaments. 

Roy Liu, the co-founder of Syn City, worked as the ex-Head of Business and Marketing of TRON. Liu holds 13 years of experience in gaming and crypto. Liu Believes it is not fair to “ask people to pay $1000 hard-earned money before they can play or earn from the game.” In adherence to this philosophy, Syn City follows the Free to Play model offering everyone “an equal right to be able to play and earn.” Liu also sees this as an appropriate model to follow in the times of cryptocurrencies and the more democratic paradigm of decentralized finance. 

Robin Chan, the general partner of Goat Capital, believes that Syn City’s model would be a gamechanger in the domain of Mafia Metaverses. 

The genesis launch of the community will see the first 10,000 Syn City members on its Discord server (discord.gg/syncity) taking part in a Mystery Mafia giveaway hosted by well-known celebrities. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

You can share this post!

Advertisement