Dragonz Lab Secures $9M to Expand Web3 Game Dragonz Land

Dragonz Lab, a Web3 gaming studio originating from the UK, today announced a $9 million funding round led by Syndicate Capital Limited Partnership Fund (LPF), a venture fund specializing in Web3, Blockchain, and AI investments, playing a role as a community builder to foster the development of digital economy. This strategic equity investment aims to enhance the development of Dragonz Land, a utility-driven Play-2-Earn game, promoting digital property rights and Web3 ecosystem.

Through Syndicate Capital LPFs support, Dragonz Lab plans to use the funds to further develop Dragonz Land’s ecosystem, which already boasts a base of over 5.3 million monthly active users, to enhance the game’s features such as PvP tournaments, strategic guild collaborations and customer loyalty program. 

Dragonz Land combines unique NFT cards with dynamic gameplay and community engagement. Players can buy, collect, level up, and trade cards across 16 distinct factions while earning in-game tokens through tapping and completing various tasks.

“Partnering with Syndicate Capital LPF represents a huge leap forward for the Dragonz ecosystem,” said Andy Chen, Representative of Co-General Partner of Syndicate Capital LPF and Board Member of Dragonz Lab. “Being the frontier and market leader in the Web3 spaces, our expertise in building ecosystems around loyalty programs aligns with our vision to create a sustainable and engaging gaming environment. This strategic investment and synergy will bolster our game development while providing our users with innovative digital assets and digital property rights to increase user acquisition and retention in the Web3 spaces.”

The game, available on both mobile and desktop via Telegram, utilizes blockchain for secure transactions and true ownership of digital assets. Syndicate Capital LPF is targeting the burgeoning tap game market, as many titles have struggled to retain traction. The move marks the frontier Asian VC fund from the Web2 space to invest in a Web3 Play-2-Earn game. Dragonz Land stands out for its engaging gameplay combined with a successful revenue model, including in-game purchases and upgrades for ultimate users or digital property owners. 

“Dragonz Land represents the future of gaming and Web3 more broadly, combining our success in customer loyalty programs as well as the excitement of GameFi, innovative blockchain technology, and a successful revenue model” said Dr. Albert Yip, Chairman of Syndicate Capital Group. “As a Web3 builder, we are thrilled to support this project, providing our expertise to boost the Dragonz ecosystem and produce synergy with our other digital loyalty programs such as Asia Top, which is one of our flagship portfolio companies of Syndicate Capital LPF .”

The project is set to deliver its tokenomics and additional features in the coming months, reinforcing its commitment to continually growing its user base and community engagement.

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