“The company develops no-code tools that enable creators to launch blockchain-based entertainment experiences.”, — write: www.coindesk.com
The funding includes $41.6 million from a recent strategic round and builds on earlier investments led by Outlier Ventures as well as family offices and institutional investors in Saudi Arabia, the United Arab Emirates, and Bahrain, according to an announcement shared with CoinDesk.
The company develops tools that allow creators to launch blockchain-based entertainment experiences without needing technical skills.
TokenPlay AI, its flagship product, acts as a no-code launchpad for mini-apps. Powered by Alibaba Cloud, it enables token-based communities to spin up interactive utilities within minutes, the company said.
Other live products include NovaToon, a Web3 webtoon platform that allows fans to co-create stories with NFTs, and Deviants: Fight Club, a Telegram-based PvP game that integrates Astra Nova’s RVV token for in-game rewards. BlackPass, the firm’s on-chain engagement and loyalty program, has drawn over 250,000 users to date.
The company says it plans to expand into new markets across the Middle East, Europe and Asia while preparing for regulatory compliance. Strategic partners include NEOM, NVIDIA Inception and Alibaba Cloud.
Li Lin’s Avenir Capital is said to be teaming up with Asia’s crypto pioneers to build a regulated vehicle focused on ether accumulation.
- Li Lin, the founder of Huobi and chairman of Hong Kong-based Avenir Capital, is spearheading a new $1 billion ether (ETH) trust alongside several of Asia’s most influential early Ethereum investors, according to Bloomberg.
- The group is in talks to acquire a Nasdaq-listed company to build the vehicle, with a formal launch expected in the coming weeks.
- The move comes as institutional appetite for ether grows, with public companies already holding over 4.4 million ETH ($16.9 billion), CoinGecko data shows.
Read full story