Investors in blockchain continue to pay attention to innovations that bring the metaverse closer. StarSharks’ strategy of disrupting GameFi and making NFTs transferable throughout the metaverse alters the entire business.
StarSharks has raised $4.8 million in a private deal to disrupt non-fungible tokens and the metaverse’s GameFi component. Users, creators, and investors will move NFTs between other games inside this ecosystem if the shark metaverse is built. Furthermore, shark NFTs will be able to be owned, bred, and traded internationally and without intermediaries.
StarSharks, a Binance-backed startup, has raised $4.8 million in a private round. 3 Commas Capital, Bas1s Ventures, Everest Ventures Group, Forward Analytics, Geekcaptel, Hyperedge Capital, LD Capital, Unix, YBB Foundation, and several others are among the participants. In addition, the round was supported by dozens of well-known firms, adding to the appeal of what StarSharks would bring to the table.
Binance Labs, Binance’s incubator and venture capital arm, made a strategic investment in StarSharks before the private round. StarSharks was founded by people who previously worked at Timi Studio, Binance, and Google. Furthermore, the shark metaverse will be constructed on the Binance Smart Chain, a fast, reliable, and strong blockchain network.
StarSharks wants to shake up the GameFi business by giving in-game assets more independence. Even though the underlying firm has numerous games under its roof, these assets are now confined to one game. In addition, NFT holders may move assets between games with StarSharks, increasing appeal, liquidity, and utility.