UAE Gamefi ecosystem launches on AlGorand Blockchain
Zone received 1.6 million USD in a funding round led by Borderless Capital, UAE based Sheesha Finance and Karma Innovations among others.
In the MENA region gaming is on the up as e-sports brings communities together and creates lasting bonds. UAE Based Zone have developed a community driven gamefi ecosystem built on the Algorand Blockchain.
Zone gamefi ecosystem carries a clear mission of transforming the industry with a strong focus on integrating the user base and providing a unique “play to earn” environment.
Initiating this visionary UAE based drive is Zone Founder and CEO Adi K Mishra. “These are exciting times as we launch on-gaming challenges for the masses. We can now bring together our million plus gamers from South Asia via our existing e-sports platform and integrate them into our Zone play-to-earn economy”.
Mishra continued” E-sports are witnessing substantial business demand in the current market scenario, thus driving the overall gaming industry across the Middle East. Having achieved a more than successful funding round**, we at Zone, move forward with a clear vision of revolutionizing this space, and in tandem creating a host of new challenges for likeminded gamers”.
With gaming on the rise in the Middle East, especially in UAE and KSA, the industry is now recognised as a platform for governments and brands to reach a global audience. Indeed, its popularity is believed to eclipse that of attending worldwide movies and concerts cementing its position as an entertainment leader.
With that in mind Zone aim to grab the attention of the Middle East market and have a plethora of gaming goodies in which to do so. Including the recent announcement of AFK Elephants in conjunction with Boundless Art, Zones very own NFT collection.
Zone received 1.6 million USD in a funding round led by Borderless Capital, UAE based Sheesha Finance and Karma Innovations among others. Sheesha Finance already made investments in another Blockchain enabled game startup earlier this year. While more and more crypto funds in the UAE are investing in gaming entities.
