Metaverse co-creation platform StarryNift has received $10 million in a funding round led by Susquehanna International Group (SIG), the companies said in an emailed statement.
Other investors in the pre-A round include Binance Labs, BSC Fund, Alameda Research and GBV Capital. SIG is one of the earliest and largest investors in ByteDance, the Chinese parent company of TikTok.
StarryNift enables gamers and commercial users to create, auction, trade and play with unique non-fungible tokens (NFTs). In addition to items that can be used digitally, players can also customize their avatars and farm rewards for participating in and contributing to the project's development.
"The uniqueness and irreplaceability of NFTs allows digital content to become assets, and the game is one of the most compatible digital content with NFTs," said Lv Nan, a SIG investment manager who joined StarryNift's board of directors. "Game coins, equipment and pets can be digitized and created as digital currency.
"By integrating NFTs into games, players continuously earn rewards and become more involved, making NFT games more interesting and sustainable," he said.
StarryNift will hold its anniversary carnival later this month, introducing a metaverse called "Starryverse," a marketplace, a spaceship expedition game and other features.