April 23, 2024

SKYPLAY Secures $10 Million Investment to Accelerate Gaming Platform Growth and Expand User Base

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SKYPLAY, a leading gaming platform in the Play to Earn (P2E) space, has announced a $10 million commitment from global investment group LDA Capital Limited. The investment aims to fuel the growth of SKYPLAY’s gaming platform by enabling the publication of more games and the acquisition of new users. With an enthusiastic blockchain community of over 300,000 monthly active users, SKYPLAY plans to leverage its existing user base to bring excitement to its gaming portfolio and expand its virtual playground.

SKYPLAY offers a user-friendly platform where users can utilize the SKP coins they have acquired for various purposes within the ecosystem. The platform seamlessly integrates onboarded content and SKP, allowing users to access a wide range of services offered by each project using SKP as the underlying currency. This integration enhances user engagement and encourages the adoption and utilization of SKP within the SKYPLAY ecosystem.

Anthony Romano, Managing Partner at LDA Capital Ltd, expressed excitement about the partnership with SKYPLAY, recognizing the company’s leadership in the P2E space. Romano highlighted SKYPLAY’s expansive ecosystem, which offers users entertainment options across sports, arts and crafts, appealing to the diverse preferences of the gaming community. He emphasized the difficulty in replicating SKYPLAY’s multifaceted approach and the forum-oriented community they have built, which gives them a competitive edge as they continue to publish more games and diversify their entertainment offerings.

SKYPLAY currently serves games in over 170 countries worldwide, with approximately 300,000 users accessing the platform on a monthly basis. Looking ahead, the company has set a goal of securing over 10 million users by the end of 2024. To achieve this, SKYPLAY is preparing an AI avatar that will serve as a metaverse platform connecting cities, humans, and the future. This ambitious initiative aims to provide new experiences and business models, showcasing the future of digital content through evolving blockchain and AI technologies.

Richard Chang, CEO of SKYPLAY, expressed his confidence in the future growth of the company with the investment from LDA Capital. Chang emphasized the significance of the partnership, envisioning SKYPLAY and LDA Capital as invaluable partners in the journey of growth. The investment will serve as a driving force behind SKYPLAY’s expansion plans, enabling the company to pioneer the future of gaming and become a platform that offers innovative experiences and diverse opportunities to its users.

News Desk

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