Cryptocurrency6 hours ago (Nov 28, 2021 04:00AM ET)
Funganomics Completes Initial Funding, Speeds up NFT and Gaming Development
- Funganomics successfully completed its initial seed round of funding.
- Funganomics explores venture capital alliances.
Non-fungible tokens (NFTs) continue to take the crypto world by storm as they keep revolutionizing their technology to stay competitive. This time, Funganomics, a UK-based crypto network that aims to build “what’s next” in the crypto space, successfully completed its initial seed round of funding.
In detail, the completion of the funding was announced last November 18. The source of the funding is said to come from a private investor in the US. Furthermore, the network stated that the fund would be used to support staffing funds, additional technology infrastructure, and software enablement.
Funganomics CEO and Founder Jeremy Roberts, explained:
Funganomics is uniquely positioned to provide a wide array of solutions to the Blockchain sector. We’ve taken an independent approach in our initial startup by funding the project ourselves until now, and we are very pleased to have both a substantial injection of new capital, as well as additional knowledge and experience that will assist the company in its aggressive growth goals over the coming months.
Roberts added, “to-date the team has already achieved several, significant milestones and benchmarks in terms of progress, and we are well on our way to both the FGS token presale and our first NFT game character drop through our custom-built platform. Funganomics is providing new technology at just the right moment in a thriving blockchain market with very strong token utility. ”
On the other hand, the Funganomics token presale is tentatively scheduled for 30th November, with the NFT character drop planned shortly after that on 16th of December. Also, the company intends to explore venture capital alliances to hasten the progress of its product portfolio on its roadmap.
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