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Home Initial Exchange Offering (IEO)

Chillchat Raises US$8.35M in Seed Rounds for a Social

admincrypto by admincrypto
July 4, 2022
in Initial Exchange Offering (IEO)
Chillchat Raises US$8.35M in Seed Rounds for a Social
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SINGAPORE, June 07, 2022 (GLOBE NEWSWIRE) — Chillchat has raised US$6.5 million through a seed token round to build out its “Create2Earn” 2D pixel art social metaverse that fosters interpersonal connections and collaboration. The seed token round was led by FTX Ventures and Crypto.com Capital. With these fresh funds, Chillchat will continue to develop its social metaverse platform where community members can easily create their own Worlds, Characters, Items and Pets, all of which can be instantly minted as NFTs.

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  • This pixel art social metaverse allows users to easily create games and NFT assets, including Worlds, Characters, Items and Pets, for themselves or other community members.
  • Chillchat will be launching its web platform later this year for players to create new Characters, Worlds and experiences that will be accessible on https://chillchat.me. Additional features will be added in the near future.
  • This will be followed by an initial DEX offering on Raydium and an initial CEX offering (details to be confirmed closer to the launch date).

Investors and Web3 leaders who participated in the seed token round include Griffin Gaming Partners, Animoca Brands, Spartan Capital, Diamond Hands Ventures, Morningstar Ventures and other noteworthy investors.

Communities and guilds who participated include Avocado Guild, GuildFi, Ancient8, SNACKCLUB, UniX Gaming, SwordFish Guild and MonkeVentures.

Brian Lee, Partner of FTX Ventures, said: “FTX is always seeking to push the crypto ecosystem forward, so when we saw how Chillchat approaches user-generated content in a fun and easy way, we saw it as a perfect opportunity to onboard the next wave of social and casual gamers into crypto.”

Bobby Bao, Managing Director of Crypto.com Capital, said: “Chillchat’s combination of easy-to-use tools and broad distribution platform will develop new create-to-earn opportunities for creators to make money and provide vast collections of exciting Worlds for gamers…

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