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Binance-Backed Shark Metaverse StarSharks Raises $4.8 Million From Dozens of Prominent Investors

Binance-Backed Shark Metaverse StarSharks Raises $4.8 Million From Dozens of Prominent Investors

Blockchain investors continue to take note of new developments bringing the metaverse one step closer. The approach by StarSharks to disrupt GameFi and make NFTs transferrable within the metaverse changes the nature of this entire industry.

StarSharks has closed a $4.8 million private round to disrupt the GameFi aspect of non-fungible tokens and the metaverse. Building the shark metaverse will help users, developers, and investors transfer NFTs across different games within this ecosystem. Moreover, there will be functionality for owning, mating, and trading shark NFTs globally and without intermediaries. 

As a Binance-backed venture, StarSharks has attracted a $4.8 million financial injection through a private round. Participants include 3 Commas Capital, Bas1s Ventures, Everest Ventures Group, Forward Analytics, Geekcaptel, Hyperedge Capital. LD Capital, Unix, YBB Foundation, and many others. Dozens of respected companies contributed to the round, amplifying the appeal of what StarSharks will bring to the table.

StarSharks CEO Franky adds:

"StarSharks is dedicated to developing a state-of-art blockchain game platform, to share and maximize the value of creativity through co-creation. We are grateful to be supported by over 30 prestigious institutional investors and communities who believe in StarSharks' vision, and we look forward to building the game platform of the next generation together."

Ahead of the private round, StarSharks received a strategic investment from Binance Labs, the incubator and venture capital arm of Binance. StarSharks' founders include individuals who have worked for Timi Studio, Binance, and Google. Moreover, the shark metaverse will be built on the Binance Smart Chain, as it is an efficient, effective, and powerful blockchain network to use. 

StarSharks intends to disrupt the GameFi industry and provide freedom to in-game assets. Currently, these assets are limited to one game, even if the overarching company has multiple titles under its banner. With StarSharks, NFT holders can transfer assets across the different games, creating more appeal, liquidity, and utility. 

An extra feature of SurfSharks is how users can either buy n NFT to access the metaverse or rent one from other players. The concept of rent-to-play provides exposure to the metaverse for those who don't have sufficient capital to purchase entry NFTs right away. However, they can still earn in-game rewards with rented NFTs, although they will split earnings with the original asset owner. 

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.

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