Playground Founder and CEO Clinton Teh
Playground, a new platform dedicated to Web3 gaming and NFT discovery, has announced the completion of its oversubscribed pre-seed funding, co-led by East Ventures and Mirana Ventures.
Also joined the round were Arc Capital ( crypto fund affiliated with Pintu), James Z (Founder of Jambo), Adam Levinson, Murali Abburi (Graticule Asset Management, and Benjamin Zhu (Azure Tide, a digital asset specialist firm), and unnamed senior executives from leading blockchain firms.
Playground was founded to address the ‘Web3 information problem’ — the massive gap in the discovery process for both new and seasoned users.
This stems from the rapid growth of blockchain-enabled entertainment projects and the accompanying fragmentation of information – often subjective, outdated or unreliable – over disparate sources and channels.
Targeting this central problem, Playground has developed a platform to bridge the information gap for all users in Web3 entertainment, with a laser focus on legitimacy and experiences.
On Playground, users can interactively discover all aspects of trusted Web3 entertainment projects and be kept abreast of updates and milestones for new and existing projects.
Also Read: We’re still in the dot-com phase of Web3: Steven Suhadi of Standard Alpha
Users will also be able to engage with ecosystems and communities in debate and discourse on a neutral battleground in a burgeoning and rapidly evolving space where experimentation and new ideas abound.
The founding team of Playground has extensive experience, having worked in companies including Binance, Classpass, and Tencent. Founder Clinton Teh (CEO) previously led several strategic initiatives in Web3 gaming and NFTs for Binance’s decentralised chain and was also part of the investment team.
Teh shared: “Despite being experienced blockchain users, our excitement for the new paradigm of digital ownership and decentralisation in Web3 entertainment has been tempered by frustration in the discovery process, where we have met with great difficulty in sourcing, verifying, and aggregating information on Web3 gaming and NFT projects. We believe all users should have a seamless experience learning about projects in the space, from factual information to the actual ‘feel’ of a particular game or interactive experience.”
David Toh, Partner at Mirana Ventures, said, “We believe Playground’s focus on users, experiences, and legitimacy will be a key lever in growing Web3 entertainment adoption in the future.”
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