Chillchat, the Create2Earn pixel art metaverse, has raised US$1.85 million in seed equity funding, led by Solana Ventures. This drives up the equity valuation of the company to US$10 million. The fresh funds would help the platform give its users the power to make characters, stories and entire worlds from scratch.
The biggest names in blockchain gaming and Web3 leaders participated in the seed round. FTX Ventures, Animoca Brands, Griffin Gaming Partners, A&T Capital and YGG SEA invested in Chillchat. Kevin Lin (Twitch), Kun Gao (Crunchyroll), Holly Liu (Kabam ) and Patrick Lee (Rotten Tomatoes) also joined the action.
About Chillchat’s Platform and Services
Chillchat is a pixel art gaming metaverse that places content creation entirely in the hands of its community. With its simple yet fast and powerful tools, it aims to become the pocket metaverse always within reach through a mobile or browser.
The platform has three flagship products: the pixel editor, world builder and world scripting tool. Players can use the pixel editor to create NFTs such as characters, tilesets, pets, emotes and other items. Meanwhile, the world builder is for creating new worlds, tile by tile. Lastly, the world scripting tool converts worlds into fully functional games.
The $1.85 million seed equity funding will be used to expand Chillchat’s product and growth teams. The team will also develop innovative Web3 tools, channels and infrastructure. Ultimately, the goal is to allow users to virtually interact with each other and digitally express their ingenuity.
What’s Next?
James Au, Chillchat’s Chief Executive Officer, shared the team’s battle cry this year and why they decided to go with Solana. He said:
“We’re aiming to build a casual social-gaming metaverse, so we chose the Solana blockchain as we believe it is the best consumer blockchain with low fees and high speed. Getting strategic support from Solana Ventures helps us grow and turn our dream into reality. We’re thrilled to have Solana lead our seed equity raise.”
Last month, Chillchat auctioned off 1,000 of its 1,500 limited “Origin” characters. Then, in four days (February 25), it will launch its public auction of an additional 350 Origin NFTs.
The 35-week auction program, selling 10 Origins every Friday, will aim to place the remaining 350 Chillchat Origins NFTs in the hands of users. The lucky NFT holders will have the power to expand the first-generation lineage by creating new characters of the next generation and onwards. The Chillchat Origins Auction will be held on Magic Eden as well as other popular NFT marketplaces in the future.
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