RuneSoul, a Web3 gaming infrastructure project, recently completed its $4 million strategic financing round, an important milestone for the company.
The financing was led by Bitgo Capital, a leading digital asset custodial and investment firm, with participation from AccelByte Fund and IGC Guild.
RuneSoul confirmed the news on its official X account and said the new capital will assist in accelerating the development of next-generation Web3 gaming infrastructure.
As well as the company’s occupation of the current GameFi 4 and SocialGameFi trajectories.
Expanding Global Reach and Community Growth
With the newly secured capital, RuneSoul is ready to accelerate its expansion plans across the globe by scaling its ecosystem and touching more of the broader gaming and crypto markets.
The company wants to establish itself as a leading infrastructure provider for Web3-based gaming experiences and provide an infrastructure built on blockchain to create immersive, interactive, and rewarding ecosystems for players.
According to public stats, RuneSoul is proud to report it has over 30,000 currency-holding addresses that reflect global adoption and interest from gamers and investors alike.
With this funding round, RuneSoul now has the foundations to expand infrastructure on a global level and engage with the community.
Industry Backing Shows Great Confidence in RuneSoul
The involvement of established investors like Bitgo Capital demonstrates confidence in RuneSoul’s vision and future.
In a congratulatory post, Bitgo Capital referred to the project’s “amazing potential and value,” and expressed their excitement to see RuneSoul’s ecosystem succeed in the long term.
Additionally, RuneSoul also has the support of AccelByte Fund and IGC Guild, allowing RuneSoul to have a varied network of investors who participate in both conventional venture capital and gaming-centric blockchain initiatives.
The science of investor support indicates a broad industry acknowledgement of the project and the possibility of paving a path to the Web3 gaming industry.
Also Read: GAIB Secures $10M Strategic Investment On Funding Led By Crypto Firm Amber Group
Web3 Funding Momentum Continues Across the Sector
RuneSoul’s fundraising achievements occur during an overall boom of investment into Web3 projects.
Just a couple of months ago, Singapore-based Web3 developer platform HackQuest raised $4.1 million in a pre-A funding round led by Animoca Brands and HashKey Capital to bridge the global Web3 talent gap through on-chain credentialing systems, UnoCrypto reported.
Further, on August 20th, we reported that Yomirgo raised $5 million in a pre-A round led by Gobi Partners to build decentralized infrastructure for AI agents.
The RuneSoul $4 million round is just the latest example of this activity, which shows a lot of investor interest in blockchain-enabled, innovative projects across gaming, education, and artificial intelligence.
Also Read: Domain Registrar Freename Completes $6.5M Series A Funding to Advance Blockchain DNS