Fanton, a play-to-earn game in the TON ecosystem, has raised $300K in a pre-seed funding round from top-tier investors such as First Stage Labs, Yolo Investments, and Existential Capital, as well as business angel Emanuele Costa. With this funding, Fanton’s value has risen to $5 million.
Eldar Khayretdinov, CEO and Founder of Fanton, stated that his team has extensive experience in creating IT products for large corporations. Furthermore, the team’s understanding of Web 2.0 can be successfully applied to the development of Web 3.0, as shown by their impressive results.
Despite receiving no external investment, the play-to-earn game has attracted over 50,000 users, making it the largest in TON.
The recent funding will help Fanton continue to grow and reach one million monthly active users, the gaming firm mentioned in a press release shared with AlexaBlockchain.
Investors such as Kirill Malev, Jr Partner at First Stage Labs, Alex Plotvinov, CEO of Tonstarter, Yoeri Krom, co-founder of Existential Capital, and Hannes Virkus, Portfolio Manager at YOLO Investments, have all expressed their confidence in Fanton’s potential to revolutionize the TON ecosystem’s play-to-earn gaming landscape.
Fanton’s unique approach to integrating TON technology with the Telegram user base has drawn the attention of investors and gaming enthusiasts alike. With steady revenue generation and a consistent 20% weekly growth, Fanton is well-positioned to continue its rapid expansion and reach unicorn status in the TON ecosystem.
Fanton’s success in raising funds highlights the strength of its team, business model, and early-mover advantage. With the support of strategic partners and venture capital firms, Fanton is poised to transform the TON ecosystem’s play-to-earn gaming landscape and become a major player in the industry.