GameFi Project Ertha Attracts $5.4 Million

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Blockchain gaming project Ertha Metaverse, which is powered by Binance Smart Chain, has raised $5.4 million in funding.

Investors include LD Capital, Polygon Syndicate, OKEx Blockdream Ventures, Shima Capital, GD10, Genblock Capital, Dialectic, Momentum 6, X21, Terranova, AU21, Zen Capital and others.

The startup has also ran IDOs on the Seedify, GameFi and RedKite platforms. According to the statement, the tokens were sold out “in minutes.”

Xi, a partner at LD Capital, said:

“We did not hesitate to invest in Ertha after the first conversation with the team. They have proven themselves both in the gaming and crypto industries.”

The tokenomics of the project’s metaverse allows players to earn money by owning and trading virtual land plots. They are sold as NFTs called HEX. The startup announced more than 7,500 completed plots.