Chainridge Capital has invested in the next-generation gaming and gambling decentralized application (Dapp) CryptoPunt. In the aftermath of 2020, blockchain-based gaming and gambling Dapps have been displaced by decentralized finance (DeFi) as the leading application of blockchain technology.
However, gaming and gambling Dapps still account for tens of million in USD trading volume. These Dapps facilitate this volume despite having poorly designed UX and technology stacks.
CryptoPunt has identified the weaknesses in the current generation of gaming and gambling Dapps and is designing a Dapp that radically improves and innovates upon these offerings. VC company Chainridge Capital recognized the disruptive potential of CryptoPunt and has dedicated both capital and expertise to assisting the project.
Chainridge Capital is an experienced VC company that specializes in identifying cryptocurrency projects that have a high chance of outperforming over the long-term. CryptoPunt met the high standards required for Chainridge Capital investments and the VC company proceeded with an investment.
In addition to allocating capital, Chainridge Capital will assist with incubation and marketing services. Chainridge Capital has a wide marketing network with a collective audience numbering in the hundreds of thousands. Through this network, CryptoPunt will be able to increase its brand awareness and streamline user adoption.
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