October 10, 2024
PiP World, a blockchain startup specializing in the gaming industry, has secured $10 million in seed funding from Exinity, a global fintech firm headquartered in the UAE. The funds will be used to develop a new platform, referred to as the ‘Duolingo of Crypto,’ which will merge interactive gameplay with tailored learning experiences to educate users about cryptocurrencies and financial markets.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
PiP World | $10M | October 10, 2024 | Seed Round | Exinity | Gaming |
Supported by Exinity, PiP World intends to incorporate these games into its forthcoming ‘Duolingo of Crypto’ platform, equipping users with the necessary tools to effectively navigate contemporary financial markets.
Alongside securing funding, PiP World has entered into a strategic partnership with Exinity. This collaboration will enable PiP World to integrate its StockRise game into Exinity’s platform, blending gaming with financial education seamlessly.
The company noted that this partnership coincides with the Middle East’s growing openness to Web3 gaming. PiP World highlighted that major cities in the region, including Dubai, are positioning themselves as global hubs for the industry. Dubai alone is expected to attract up to 100 million gamers and create a market worth over $1 billion by 2025.
About PiP World
PiP World is a blockchain startup that focuses on combining gaming with financial education. They aim to create engaging and interactive platforms to help users learn about cryptocurrencies and financial markets.
Website: http://pip.world/
About Investor
Investor: Exinity
Exinity Group is a global fintech company dedicated to empowering a new generation of investors, particularly in fast-growing economies like Asia, the Middle East, and Africa. They offer innovative trading and investing products designed to help individuals achieve financial independence. With over 20 years of experience, Exinity leverages mobile technology to provide users with the knowledge and tools needed to invest confidently and effectively. Their mission is to make financial markets accessible and manageable for everyone, enabling users to become their own wealth managers.
Location: UK
Website: https://group.exinity.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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