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Marketing In Asia > Blog > Business > News > Mantle EcoFund Propels Web3 Innovation with $5M Investment in SocialFi and Gaming
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Mantle EcoFund Propels Web3 Innovation with $5M Investment in SocialFi and Gaming

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Last updated: 2024/06/05 at 1:18 PM
vaibhav khobragade
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In a strategic move to drive the Web3 revolution, Mantle EcoFund, administered by Mirana Ventures, has successfully deployed $5 million in investments as part of its second capital call. This initiative underscores Mantle’s commitment to fostering innovation within the realms of SocialFi and gaming, aiming to onboard the next billion users to Web3.

MetaCene: Redefining Blockchain Gaming

MetaCene is at the forefront of this transformation, creating a next-generation blockchain MMORPG set in a surreal post-apocalyptic world. Players will experience innovative gameplay through Players vs Environment (PVE) and Players vs Players (PVP) modes, all governed by social guild DAOs. With the support of Mantle EcoFund, MetaCene is preparing for the launch of its governance token and a new game playtest. Henry Ferr, CMO of MetaCene, shared, “MetaCene is thrilled to partner with Mantle. We are already leveraging Mantle’s robust platform to build some of our features, benefiting from its low fees, fast transactions, and exceptional security.”

Blade Games: Innovating On-Chain Gaming

Blade Games is revolutionizing on-chain gaming with its modular ZK game engine, allowing game logic to run in a zkVM and settle results as ZKP on L2s. Their flagship game, Dune Factory, combines tower defense and factory gameplay. Alex, Founder of Blade Games, expressed excitement about the partnership, stating, “Blade Games is excited to have Mantle participate in our seed round. This partnership will boost the adoption of Blade Game’s ZK game engine, enabling the emergence of more genuinely playable and enjoyable onchain games.”

Co-Museum: Democratizing Art Ownership

Co-Museum is pioneering communal ownership of significant artworks and artifacts, supported by Mantle EcoFund funding. This project aims to democratize access to a trillion-dollar asset class, creating a new cultural institution accessible to all. Founder Chaw Weiyang noted, “Mantle’s focus on onboarding more people into web3 is one that we strongly resonate with at Co-Museum. I am excited about the opportunity to build on Mantle and bring accessibility and scalability to art and culture.”

Fingerlabs: Revolutionizing Content Distribution

Fingerlabs, a subsidiary of FSN, is transforming content distribution through its flagship hub, Xclusive. With a new BTS-inspired drama, “Beginning ≠ Youth,” in collaboration with HYBE and CRM Media, Fingerlabs is pushing the boundaries of Web3 entertainment. CEO Sangseok David Lee stated, “As Mantle Network continues to expand its influence within the blockchain sector, particularly in the realm of entertainment content, we anticipate extensive collaborative opportunities between Mantle and Fingerlabs.”

L3E7: Merging AR and Web3 Gaming

L3E7 introduces players to a cyberpunk virtual world mirroring Earth, powered by advanced location-based services and a cutting-edge rendering engine. With Mantle EcoFund’s backing, L3E7 is set to launch its second NFT collection and more game tests. Grey, Founder of L3E7, remarked, “L3E7 is aiming to onboard more web2 users to web3 through its unique social gameplay and LBS elements.”

DreamOS: Simplifying the Crypto Experience

DreamOS offers a native web3 operating system that simplifies the user experience within crypto. With features like the Dream Store and an omnichain wallet interface, DreamOS aims to make interacting with digital assets more intuitive. Dom, Founder of DreamOS, highlighted, “DreamOS simplifies the wallet experience drastically by providing an accessible, intuitive, and user-centric way to interact with your digital assets.”

David Toh, partner of Mirana Ventures, encapsulated the initiative’s vision: “We are thrilled to support the next generation of SocialFi and web3 gaming projects that will proliferate across Mantle Ecosystem and further expand the web3 community.”

Mantle EcoFund’s latest investments join an impressive portfolio, including Merchant Moe, INIT Capital, Butter, Renzo, MUFEX, TsunamiX, LiquidX, Valent, and Range Protocol.

Legal Disclaimer: The Editor provides this news content "as is," without any warranty of any kind. We disclaim all responsibility and liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. For any complaints or copyright concerns regarding this article, please contact the author mentioned above.

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    vaibhav khobragade June 5, 2024 June 5, 2024
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    By vaibhav khobragade
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    I am working as a Sr. Digital Marketing Executive with four+ years of experience in the space of Digital Marketing. I assist in the formulation of strategies to build a lasting digital connection with consumers. I help in planning and monitoring the ongoing company presence on social media & Launch optimised online advertisements to increase company and brand awareness.
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