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Venture Capital News: Project Twelve Announces $8M Financing Round

NEW YORK, NY, Project Twelve has recently closed $8 million in new funding from a combination of committed investors.
As a pioneer of Web3 gaming, Project Twelve's (P12) recently revealed Genesis Soul-Bound NFT airdrop was met with overwhelming enthusiasm from the global gaming community. In the first week since its launch on June 27th, over 500,000 NFTs were claimed and this number continues to rise. Nearly 70% of participants joined through referrals, reflecting strong organic growth.

Project Twelve recently closed $8 million in new funding from a combination of committed investors, including: MetaApp, Project Galaxy, Primavera Ventures, CyberConnect, CCV, Smrti Lab, and others. With this new funding, P12 will be able to tackle key challenges affecting the Web3 gaming industry. Removing the flawed, for-profit model, P12 aims to better serve the user by building complete infrastructure and tooling to make game creation accessible and implementing a set of economic and governmental mechanisms to make game economy sustainable.

Project Twelve is a Web3 gaming platform and game creator ecosystem with a sustainable economy. It features the Editor, a full-featured Metaverse content engine for building game worlds; the Infra, a set of API/SDK and developer portals for bridging game content on-chain; and the Econs, a set of economic and governmental rules and mechanisms implemented in EVM smart contracts.
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