PlotX, a Prediction based GameFi market ecosystem built on Polygon where users predict the outcome of real-world events to earn hourly rewards, has announced that the project has secured a $5 million pre-Series A funding round and is being funded by Polygon Studios and Hashed.
Several notable investors participated in the funding round including Polygon Studios, Hashed, Animoca Brands, Alpha Wave Global (formerly Falcon Edge) and Power Angels including Sandeep Nailwal (Co-Founder of Polygon) and Alan Howard (Co-Founder of Brevan Howard). asset management).
Since its inception, the PlotX community has grown to over 83,000 paying users traceable on-chain, with a 144% month-on-month growth rate. Additionally, PlotX has surpassed $4.1M GMV in the last 7 months and has grown 59% month-on-month. The PlotX team also reports that 70% of this GMV is from retail users. In addition, 21,555 people have become token holders.
Short term roadmap for PlotX
- PlotX Play2Earn: Introduction of a Play2Earn variant to complement the current Predict2Win game. This offers users the opportunity to turn their time into money and create a sustainable economy for the PlotX gaming ecosystem.
- New properties: In the next releases PlotX will reveal several key gameplay features such as PvP battles, custom avatars, NFTs with special abilities, leaderboards, user level up systems, daily/weekly quests and more.
- Staking Program: PlotX will launch a new staking program to reward the community with bPLOT and MATIC tokens.
Investor Comments
Sandeep Nailwal, co-founder of Polygon:
“PlotX found the holy grail of product-market fit. I’ve witnessed their journey in the crypto ecosystem since 2017 and it’s phenomenal to see PlotX’s growth. We cheer for PlotX as India’s Axie Infinity powered by Polygon and are very excited to be working with the team!”
Yat Siu, Co-Founder and Executive Chairman of Animoca Brands:
“PlotX has built an infrastructure for scalable, skills-based Web 3.0 gaming, and its embedded wallet, meta-transaction relay, and solid-core game loop are already delivering a solid user experience. We are excited to support the team in their vision to build the most sustainable gamefi ecosystem for emerging markets.”
