Fanton, a Tel Aviv, Israel-based SocialFi gaming company, raised $300k in a pre-seed funding round at a $5m valuation.
The round was led by First Stage Labs, Yolo Investments, and Existential Capital, as well as business angel Emanuele Costa.
The company intends to use the funds to accelerate growth in the TON ecosystem.
Led by CEO Eldar Khayretdinov and COO Vadim Sterlin, Fanton has developed a TON Blockchain Fantasy Football game that operates on Telegram, where users can create and manage football teams by selecting player cards. The game mimics tournaments of the top 5 European leagues and the Champions League, and players score points based on their chosen players’ performances in real-life matches, including goals, assists, and clean sheets. The primary objective of the game is to achieve the highest score and win prizes, such as TON cryptocurrency. Players can make tactical adjustments to their team until the registration period ends, which enhances the gameplay experience.
FinSMEs
01/05/2023