Project Towelve (P12), a web3 game project, has succeeded in attracting new investments. P12 continues to develop for sustainability of the web3 game ecosystem.

P12 said it raised $8 million (about 10 billion won) through a new round of funding on the 28th (local time).

MetaApp, Project Galaxy, Primavera Ventures, CyberConnect, CCV, Infinity League, and Smulti Lab participated as investors in this investment round.

Since 2018, P12 has been in charge of building decentralized exchange (DEX) products by entering the blockchain and cryptocurrency areas.

P12 is focused on developing a web3 gaming platform with a sustainable economic system.

P12 has metaverse content engine ‘Editor’ for game construction, online connection API/SDK/developer portal package ‘Infrastructure’ for game content, economy implemented by EVM smart contracts, government rules, and mechanism package iKON.

P12 strengthens its vision to enable the creation of web3 games with a sustainable economic system with newly secured funds.

Through this, the plan is to provide users with better games than virtual reality games that apply problematic for-profit models.

Leave a Reply