- The substantial $5 million funding round led by prominent investors like Laser Digital and Nomura Group underscores the growing confidence in the potential of web3 gaming.
- Tevaera’s success in securing this investment reflects the increasing interest from traditional financial institutions and digital asset firms in the blockchain gaming sector.
Tevaera, a web3 gaming firm operating on the Ethereum Layer 2 zkSync Era, has successfully raised $5 million in seed and private financing. The funding round was co-led by Laser Digital and Nomura Group, with significant contributions from various notable investors such as Hashkey Capital, Fenbushi Capital, and Crypto.com Capital, among others.
According to Gav Negi, co-founder of Tevaera, the primary objective behind this fundraising initiative is to expand the company’s workforce and to launch a Layer 3 gaming chain on zkSync. The ultimate aim is to onboard 2 million players and 12 game developers onto Tevaera’s platform by the end of the year. Negi expressed gratitude for the funding, emphasizing its critical role in accelerating Tevaera’s roadmap towards establishing a robust gaming ecosystem powered by the ZK Stack on zkSync.
Tevaera’s offerings include a range of web3 games such as “Guardian Islands” and “Teva Run”, alongside an NFT marketplace and a decentralized exchange. With over 850,000 gamers and nearly 2.5 million utility NFTs already on its platform, Tevaera has positioned itself as a significant player in the evolving landscape of blockchain-based gaming.
The recent launch of zkSync Era, Tevaera’s mainnet Layer 2 protocol, represents a significant milestone in the company’s journey. zkSync Era utilizes zero-knowledge proofs to batch and record transactions on Ethereum, providing a seamless and efficient gaming experience. Additionally, as the first zkEVM protocol compatible with the Ethereum Virtual Machine, zkSync Era forms an integral part of the ZK Stack, a blockchain-focused tech stack leveraging zero-knowledge proofs.
In a statement shared on social media, Tevaera highlighted its vision of creating a comprehensive gaming ecosystem focused on delivering a player-centric experience. Laser Digital, one of the leading contributors to this investment round, operates under the umbrella of Nomura Group, a renowned financial services and banking corporation headquartered in Tokyo.
The substantial investment secured by Tevaera underscores the growing interest and confidence in the potential of web3 gaming platforms. As the company continues to innovate and expand its offerings, the future looks promising for Tevaera as a pioneering force in the blockchain gaming industry.
Tevaera’s Funding Boost Marks a New Era for Blockchain Gaming
With significant investment led by Laser Digital and Nomura Group, Tevaera is poised to revolutionize the blockchain gaming landscape. The $5 million funding round will fuel the expansion of Tevaera’s platform and the development of innovative gaming experiences on zkSync. As Tevaera aims to onboard millions of players and developers, the future holds exciting possibilities for the evolution of web3 gaming.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
