Dragon Kart, an innovative 3D play-to-earn battle racing game built on Binance Smart Chain (BSC), has announced the successful closing of an oversubscribed $1.1 million funding round. The raise was led by Bigcoin Capital and LuaVentures, with participation from TomoChain, Signum Capital, NGC Ventures, Shima Capital, AU21, Kardia Ventures, LaunchZone, VBC Ventures, BSC Station and individual investors from Digital Strategies and Everse Capital.
Dragon Kart combines interactive gameplay with DeFi and NFTs to offer users a free, fun, and skill-based opportunity at earning rewards for their performance. Dragon Kart’s gameplay includes racing battles including PvC, PvP, and tournaments. The characters in the game are taken from a Pikalong comic series by well-known Vietnamese artist Thang Fly, who boasts an impressive 1.4 million followers on Facebook. Pikalong is a staple in Vietnamese culture, having been read by millions of households and now being front and center in Dragon Kart.
The company’s native token, $KART, will be built on BSC and be used for all DeFi activities such as staking, farming, and lending. $KART tokens are used as the payment fuel for all transactions on the NFT Marketplace. For token holders with an increasing amount of locked tokens, they will benefit from a higher rating/ranking to open valuable NFTs. In the future, the platform will charge players with $KART tokens for NFT renting services. BSC will help users save on fees and help enhance the overall in-game experience. The game will also turn assets, such as Kart Cars, characters, and weapons, into NFTs – while offering a marketplace for users to buy, sell, and swap items.
Dragon Kart’s CEO Pham Van Phuong says, “We are excited to have the support of an amazing group of investors that will help share Dragon Kart’s vision with gaming communities around the world. Dragon Kart looks to inspire an innovative experience for gamers and traders looking to earn rewards and have fun at the same time.”
Dragon Kart team brings over a decade of experience as developers, entrepreneurs, blockchain specialists, and gamers. The team’s advisory board includes leading blockchain professionals such as Long Vuong (TomoChain), The Nang (LuaVentures) Thanh Dao (LaunchZone), Kyle Nguyen (VBC Ventures), and Logan (LaunchZone).
Dragon Kart’s MVP is currently available, giving users a chance to test the private demo by joining Dragon Kart’s social channels. Dragon Kart will soon be announcing more details about their upcoming IDO and public sale rounds. More information can be found on the company’s official Telegram channel and website.