Upcoming Cardano ($ADA) Powered NFT-Based Metaverse ‘Cardalonia’ Raises $420K

On Monday (April 18), the Estonian crypto startup that is developing upcoming Cardano-powered NFT-based play-to-earn (P2E) game Cardanlonia ($LONIA) announced that it has raised $420,000 in a pre-seed round.

Here is how the Cardalonia team’s overview of the project:

“Cardalonia is a medieval themed virtual world where players can create, own and trade their Gaming experiences on the Cardano blockchain… In the future, we envision to bring frictionless blockchain integrations for play to earn, cross-chain capabilities and decentralized infrastructure… As a Player, you can choose a clan, create digital assets as NFTs, deploy them to your Cardalonia land and create beautiful scenes on Cardalonia Land which must be acquired by the player.

“Cardalonia is made up of clans as users will need to join a clan Avatar to be able to experience Cardalonia. In order to buy Land, Join a Clan and be able to enjoy the exquisite treatment in Cardalonia, players need to have have $Lonia which is the utility token that would allow crypto & non-crypto enthusiasts be a part in Cardalonia.“

In a press release issued yesterday, here is how they defined the term metaverse:

“A metaverse is a network of 3D virtual worlds focused on social connection, facilitated by the use of virtual and augmented reality headsets and Blockchain assets that would ensure the scarcity and immutability of in game assets.“

Vasil Air, co-founder CTO of the project had this to say:

“We are on a mission to develop a creator friendly and interactive platform that will surpass already existing metaverse giants like Decentraland and Sandbox which are built on the Ethereum blockchain.“

The press release went on to say that Cardalonia had managed to raise “$420,000 thousand in pre-seed funding in January by angel investors,” and that it “envisions to create a creator centric platform that is owned by creators, developers, and a growing community of metaverse players.” Apparently, “more than 8 investors, including blockchain players led by Hedgespur Capital took part in the round.”

This funding round will “help the company to kick off the project, entering strategic partnerships, onboarding more developers and also bringing more enthusiasts into the Metaverse space.”

The press release also mentioned that “Cardalonia has currently deployed its native in-game currency, the $Lonia Token as it gears up for launch and exchange listing in August 2022.”

Cardalonia is “still in the very early stages of development as the development team has been able to prototype the clans (The playable avatars when the game is launched),” and it aims to be “a fully functional DAO where decisions will be made by $Lonia token holders who would vote and decide on the future of Cardalonia.”

Earlier today, YouTube channel “Crypto Bull” took a look at Cardalonia and its roadmap:

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