Gamified decentralized finance platform DeFi Land has finalized its initial round of investing valued at $4.1 million, according to an update shared with Crowdfund Insider.
Several investors have allocated funds to this initiative, the announcement revealed. The concept of gamifying investment action could potentially make DeFi a lot appealing and more accessible to a wider range of users.
As stated in the release, DeFi Land is a multi-chain agriculture simulation web game developed to offer decentralized finance solutions to mainstream consumers. The platform aims to gamify various aspects of traditional DeFi protocols, “creating intuitive and educational solutions for those exploring alternative finance solutions.”
The announcement also mentioned that “making decentralized finance more accessible to a global audience is a crucial priority for the DeFi Land team.”
After the first round of investments, the team can “look toward the future.” The $4.1 million investment round includes contributions from 40 different investors. Participants include Animoca Brands, Alameda, Jump Capital, NGC Ventures, Solana Foundation, Gate.io, MXC, Solar Eco Fund, Youbi Capital, et cetera.
Brian Lee, VC at Alameda stated:
“Defliland is an incredible blend of the two most interesting things happening in crypto right now – gaming and defi. We believe that Defiland can be a real game-changer in getting casual gamers and the crypto retails into DeFi.”
Creating a solution that brings together or aggregates different protocols is important when your goal is to offer the platform to a mainstream audience. As confirmed in the announcement, the platform will be supporting NFTs and it will offer a play-to-earn model “involving achievements, tasks, battles, and other solutions to earn income.”
When the team adds NFTs, they will be offering benefits to the token holders. Every NFT in this ecosystem “represents a unique game object, including trees, buildings, tractors, and other farm-related objects,” the announcement explained while adding that these gamified items “introduce new opportunities to borrow or lend money, providing liquidity, reward farming, et cetera.”
As stated in the update:
“The creation of native NFTs is only one aspect of DeFi Land. Existing non-fungible tokens will gain a new “life” through additional utility. Taking the SolananaMonkeyBusiness NFT as an example, it will generate monkeys running around in your DeFi Land game environment. Players can interact with these monkeys, adding an extra layer of interactivity and interoperability.”
The announcement also mentioned that an interesting aspect about DeFi Land is “how the overall weather in this game reflects the current market conditions.” Players may look forward to “sunny days, although there will be bad weather days too.”
According to the project’s roadmap, the team is “finalizing DeFi Land integration with Serum and Raydium.” A beta version of the platform will “go live in q4 of 2021, as well as the NFT marketplace.” In addition, more Solana protocols and other blockchains – including Ethereum and Binance Smart Chain – will be integrated in the next few months.
As mentioned in the release:
“DeFi Land will focus one education through a dedicated “educational mode. It is a practice mode for retail users, allowing them to gain better insights as to what they can expect in this gamified environment. Later this year, the overall interface will be enhanced to make onboarding of non-crypto users to DeFi more straightforward and appealing.”