Cardalonia Raises $420K in Pre-Seed Funding


Cardalonia, a Tallinn, Estonia-based cardano metaverse startup, raised $420k in pre-seed funding.

Backers included Kitikat Metaventures, Hedgespur Capital and other investors, including blockchain players.

This pre-seed fundraising round will help the company to kick off the project, entering strategic partnerships, onboarding more developers and also bringing more enthusiasts into the Metaverse space.

Cardalonia is a virtual world where players can build, own and customize their own experiences on the Cardano Blockchain. Users can earn, create, socialize, play, trade and so much more based on the P2E concept, meaning players will be able to explore it while they earn and spend using in-game money, called Lonia tokens. Cardalonia will be a fully functional DAO where decisions will be made by $Lonia token holders who would vote and decide on the future of Cardalonia.