DeFi Land raises $4.1M for Solana’s decentralized finance game

Gaming and decentralized finance are two of the most important trends in the cryptocurrency and blockchain industries.
DeFi Land, a blockchain gamification platform, has raised $4.1 million to launch a new Decentralized Finance Game on Solana. This further highlights the growing ecosystem around SOL. Over 40 investors participated in the investment round, including some of blockchain’s most prominent names in venture capital. Among the investors were Alameda Research and Jump Capital, Gate.io, Gate.io, NGC Ventures and NGC Ventures. DeFi Land is an agricultural simulation game that gamifies all aspects of decentralized finance. The goal of DeFi Land is to provide educational solutions to users who are interested in exploring DeFi and other alternative finance options. The platform offers a play-to earn model that allows users to earn income by completing tasks and reaching milestones. Brian Lee, a senior executive from Alameda Research, stated that DeFi Land combines “two of the most exciting things happening in crypto right this moment – gaming and DeFi.” Although DeFi Land primarily targets retail investors who are interested in cryptocurrency and gamers, the demand for DeFi protocols is rapidly growing to include accredited investors and major institutions. Cointelegraph recently reported that large institutional investors dominated decentralized finance markets in the second quarter. Chainalysis’s new data shows that institutional transactions accounted to over 60% of all DeFi transactions between April & June. This compares with less than 50% for all cryptocurrency transactions. According to industry data, the DeFi market currently has a value of over $170 billion in terms of total worth locked (TVL).

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