CyBall is a football-themed, NFT-based game with a Play-to-Earn model that allows you to test your might against players from around the world.
Cyball has raised $1.8 million following a Seed round for its football-themed, NFT-based play-to-earn mobile game.
The funding round was led by Bitkraft Ventures and featured participation from Animoca Brands, Ascensive Assets, Merit Circle, Yield Guild Games, SkyVision Capital, and more.
The large amount of funding will be used to scale the team to accelerate the expansion of CyBall and further build out the scholarship system, CyLoans. The Play-to-earn model that was made popular by Sky Mavis and its Axie Infinity game, where players have to pay upfront to join a game but can get scholarships to defray that cost, is used by the company. Eventually, once players level up their collectibles, they can sell them for a profit.