ISKRA Announces Additional Investment Totaling over $40 Million

Despite the Bear Market, Iskra Added New Investors that Bought Into Its Pioneer NFT,
Bringing Its Total Raised to Over $40 million

ISKRA, one of the hottest Web3 game community and publishing platforms, announces that it secured an additional investment from ROK Capital, Joycity, 111%, LINE Studio, Redice, and KOSPI-listed Netmarble. This group of 6 new investors collectively invested in ISKRA by the purchase of the recently released node-operator class Pioneer NFT. This investment came hot on the heels of its recent investment led by some of Korea’s top technology companies bringing total seed capital raised-to-date to over $40 million USD.

“This investment is the perfect definition of smart money. Each of the companies is one of the top players in its category. With Netmarble and LINE Studio, this investment will give ISKRA access to their outstanding game catalog. With a company like Redice, we can also look forward to showcase our platform’s ability to also work with other attractive content like webtoons”, said Eugene Lee, ISKRA CEO.

ISKRA is trying to re-establish enjoyment as the main driver for gaming experiences in web3. Current P2E games have dominated with a grinding model where collecting loot boxes or day-trading has become the only goal. To that end, ISKRA ‘s platform is championing the concept of “play and earn” where virtual items tied to tokens and NFTs serve as tools that build the community experience as opposed to the ultimate objective.

“Blockchain gaming is the next frontier for games and the ISKRA Web3 game community platform sits at that intersection. LINE Studio is excited to invest in ISKRA ‘s platform and share the vision of Play-And-Earn as being the next evolution of Play-to-Earn”, said Jeong Weon Lee, CEO of LINE Studio.

“REDICE sees ISKRA as having the same potential we had prior to achieving the status. More importantly, we see that ISKRA platform and its potential audience as the perfect expansion of our core webtoon business.”, said Jung Sook Jang, CEO of REDICE

View Original MarketWatch Article mentioning Iskra


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