Excited to announce a $4M strategic round investment in Burgercities
As a venture capital fund dedicated to investing in crypto, Vega Ventures led a strategic round investment to Burgercities, to push the development of its Web3 gaming ecosystem and Metaverse building. With the Vega Ventures leading investment, Burgercities receives $4 million in strategic round investment that includes investors SANYUAN Labs and Bitfly Capital. Burgercities completed the strategic round investment with a valuation of $50 million.
This strategic investment is expected to accelerate the advancement of BurgerCities, which aims to create a blockchain gaming environment where MetaFi and GameFi coexist and give digital gaming new concepts.
These investments will be used to promote the development of the BurgerCities ecosystem, with specific development content and objectives:
- Improving the battle system
- Developing the multi-chain ecosystem
- Enriching the gameplay content, such as Set Meal, War Machine, Burger Tower, Peak Ranking
- Increasing the social-fi system, such as the Guild System, Friends System
- the UGC Feature
- Mobile Terminal and AI Interactive Function
- Mini Games such as Lucky Draw, Lottery Draw, Mazes
We are dedicated to focusing on Web 3.0, Metaverse Virtual, and Blockchain innovation, to provide users with the most cutting-edge products and gameplay experiences, creating the unique BurgerCities.
With more financial support, we can expand our development team and accelerate the construction of the game ecosystem. At the same time, we can also collaborate with other famous projects to hold various large-scale activities.
What is Vega Ventures:
Vega Ventures was founded in 2020, an up and down year for crypto industry. As a venture capital fund dedicated to investing in crypto, the members of Vega Ventures have went through the last cycle of bull and bear market. With decades of experience in traditional finance and blockchain investment, well versed in the rules of the industry, the team have developed a complete set of investment philosophy and methodology.
The term “Vega” is called by astronomers as “undoubtedly the second most important star in the sky, after the Sun”, and we hope that Vega Ventures will also become an essential star in the metaverse.
Vega Ventures will keep an open mind, seek certainty in investment, focus on the “dynamic value” of crypto projects, form a product matrix with structural thinking, invest after a deep understanding of the projects, and empower and extend the invested projects to enhance certainty.
Vega Ventures will continue to focus on public chains and related infrastructure, DeFi protocols, open platforms, NFT, Gamefi, DAO, Web3.0, Metaverse and other fields to catch up the elements and timing of industry change in a quick and accurate way. In the mean time, we will keep our eyes on structural competitive advantages and hold cautiously but resolutely for the long term to capture excess returns of the market.
What is SANYUAN Labs:
SANYUAN Labs was founded in Mahe, Seychelles in July 2018 by some industry practitioners, community leaders and freelance investors. Some of the team members of Ternary Capitalwere graduated from the top universities like Tsinghua University, Fudan University, the University of Hong Kong, Singapore Nanyang Technological University with rich experiences and resources in Blockchain industries, and actively participated in many global conferences like the Ethereum Devcon5, GoHack2017 Hackathon, New york consensus conference, Hong KONG Token2049, and World Blockchain Summit in Singapore.
What is Bitfly Capital:
At Bitfly Capital, they specialize in the blockchain industry. Their mission is to identify and invest in sustainable blockchain projects, while also providing incubation and product-market guidance services. Their team consists of experienced individuals who previously worked at companies such as Google, Tencent, Babel Finance, and Accenture, and they are headquartered in Hong Kong, Singapore, and Silicon Valley.
BurgerCities “evolved” from Burgerswap, a DeFi product that was already available on BNB Chain. It integrates DeFi and NFT into a larger metaverse scene to produce a uniform and standardized Web3 behavioral metaverse universe.
BurgerCities aims to create a unified and standardized metaverse world of Web3 via integrating DeFi, NFT to the wider Metaverse. In this world, users could carry out daily events such as social, gaming, etc. Meanwhile, they could experience DeFi and NFT functions with their own avatars such as trading, staking, NFT exhibitions or gamefi, etc.
BurgerCities hopes to contribute fresh energy to the booming in the metaverse and brings new vigor and vitality into Web3 applications such as DeFi and NFT.
Visit BurgerCities — https://burgercities.org/