Fanton raises $300K pre-seed at $5M valuation for TON gaming
What's the deal? FantonDealroom has a profile for this one. Try Dealroom →, a play-to-earn game in the TON ecosystem, has raised $300,000 in a pre-seed round at a $5 million valuation. First Stage LabsDealroom has a profile for this one. Try Dealroom →, Yolo InvestmentsDealroom has a profile for this one. Try Dealroom →, Existential CapitalDealroom has a profile for this one. Try Dealroom →, and business angel Emanuele Costa backed the round.
What's the endgame? The game runs on The Open Network (TON)Dealroom has a profile for this one. Try Dealroom → and integrates with Telegram's user base. Fanton says the new capital will fund its push toward one million monthly active users.
Why now? Fanton had drawn more than 50,000 users without external investment, which it describes as the largest play-to-earn game on TON. It reports steady revenue and 20% weekly growth.
Chief executive officer and founder Eldar Khayretdinov said his team's experience building IT products for large corporations and its understanding of Web 2.0 can carry into Web 3.0 development.
The signal: At $300,000, the round sits near the bottom of the funding range — in the 0.3 percentile by amount. Early TON gaming startups continue to attract small pre-seed cheques as investors bet on Telegram's reach.
Read more: alexablockchain.com
Image credit: Generated with Gemini
