Avail secures $43 million in funding, highlighting growing interest in Web3 projects like PlayDoge, Mega Dice, Sponge V2 and eTukTuk.
The Web3 sector is experiencing a significant influx of investment, with Avail recently securing $43 million in a Series A funding round. This surge of capital is indicative of the growing interest and potential in Web3 technologies.
As Avail and other projects gain momentum, investors are keen to identify the most promising opportunities in this rapidly evolving space. Here, we explore four leading Web3 crypto projects—PlayDoge, Mega Dice, Sponge V2 and eTukTuk—that are set to drive the sector forward.
Avail Secures $43M in Series A for Web3 Unification
Modular blockchain base layer Avail has recently secured $43 million in a heavily oversubscribed Series A funding round, adding to its previous $32 million from pre-seed and seed rounds. Led by Anurag Arjun, co-founder of Polygon, Avail aims to address critical challenges in the Web3 ecosystem, such as fragmentation, data availability, and scalability.
The funding round saw participation from prominent venture capital firms and angel investors, including Altos Ventures, Alliance DAO, Hashkey, Elixir Capital, Spark Digital Capital and RW3 Ventures. Joey Krug, a partner at Founders Fund, mentioned how Avail’s technology makes data availability more efficient and cost-effective. Avail plans to further enhance its security by allowing the restaking of multiple cryptocurrencies, including Bitcoin and Ether.
PlayDoge: A Rising Star in the Meme Coin Market
PlayDoge, a new entrant in the play-to-earn crypto game sector, has raised over $1.5 million in its first week of presale. This project, which aims to launch with a market cap exceeding $48 million, is rapidly gaining traction in the crypto community. PlayDoge’s unique concept involves a companion pet game where players earn $PLAY tokens by caring for a virtual doge, akin to the 90s-era Tamagotchi.
The game’s accessibility through mobile apps for iOS and Android broadens its potential audience. Players can earn $PLAY tokens through daily interactions and side adventures inspired by classic video games. The presale offers $PLAY tokens at a discounted price of $0.00502, with staking options providing up to 209% APY rewards.
INVEST IN $PLAY EARLY BEFORE IT BECOMES NEXT 100X CRYPTO
Analysts including Jacob ‘Crypto’ Bury, ClayBro, Matthew Perry and Crypto Mischief, have highlighted $PLAY as a promising investment, predicting potential gains of 10x or more. These endorsements have significantly boosted investor interest and credibility.
Mega Dice: A Pioneer in the GameFi Sector
Mega Dice ($DICE) is another notable project making waves in the GameFi sector. Launched in 2023, Mega Dice is the world’s first licensed GameFi platform accessible via Telegram. Its ICO, which began in mid-April, has already raised over $1.3 million, reflecting strong investor confidence.
Mega Dice integrates blockchain technology with online gambling, enhancing gaming experiences through amplified rewards and exclusive tournament access. The $DICE token is part of the gaming platform’s loyalty program, adding further incentives for users. A strategic buyback and burn program maintains token scarcity, potentially increasing its value.
BUY $DICE AT ITS LOW PRESALE PRICE POINT
The presale has raised over $19 million towards its $28 million goal, driven by features such as staking rewards, airdrop promotions, exclusive NFTs, and a referral program. Mega Dice’s community of over 10,000 active Telegram members and its innovative rewards system have captured significant interest.
$SPONGE: A Meme Coin with More Than Just Laughs
In the meme coin arena, Sponge ($SPONGE) has distinguished itself by offering more than just jokes. Debuting in May 2023, $SPONGE has delivered early backers returns of 10,000%, and its recent shift from Ethereum to Polygon positions it for further expansion.
A key allure of Sponge lies in its staking rewards, with an ongoing poll to determine their distribution method. The staking model promises substantial yields, currently hovering around 335%, drawing in investors seeking significant returns.
Unlike many counterparts, $SPONGE combines staking with a play-to-earn (P2E) gaming community. The token’s transition to Polygon has enabled enhancements to its staking model and expedited the launch of its P2E game. These advancements have solidified $SPONGE’s market standing, with the token currently undergoing a presale relaunch at $0.001689.
INVEST IN $SPONGE EARLY BEFORE IT BECOMES NEXT 100X CRYPTO
Future aspirations for $SPONGE include listings on major exchanges like Binance and OKX, offering considerable visibility. The forthcoming Sponge-themed game, where players compete in races while collecting rewards, adds a unique dimension to the project.
As $SPONGE continues to gain momentum, it aims to revolutionise the meme coin market by providing genuine utility and captivating gameplay.
eTukTuk: Revolutionizing Transportation with Blockchain
eTukTuk (TUK) is an innovative and eco-friendly crypto project that aims to revolutionise transportation with its blockchain-based solutions. The project recently launched its game, “Crazy Tuk Tuk Taxi,” on the App Store and Google Play. This play-to-earn game allows players to compete in races and earn token rewards, enhancing the project’s appeal.
The game “Crazy Tuk Tuk Taxi” provides players with the opportunity to drive a TukTuk through busy streets, complete quests, compete in races and earn rewards. The game has already attracted over 100 downloads on Google Play, with more expected as awareness grows. Players can also upgrade their eTukTuks and unlock new cities, adding depth and engagement to the game.
PURCHASE $TUK NOW WITH EITHER BNB, USDT OR CARD PAYMENT
With $43 million recently pumped into Web3 blockchain initiatives, projects like PlayDoge, Mega Dice, Sponge V2, and eTukTuk are positioned to lead the sector. Each of these projects offers unique innovations and value propositions.
Investors looking to capitalise on the burgeoning Web3 sector should consider these promising projects. With Avail’s focus on unification, PlayDoge’s engaging gameplay, Mega Dice’s innovative GameFi platform, Sponge V2’s community-driven success and eTukTuk’s sustainable transportation solutions, these projects offer diverse opportunities for growth and returns.
Stay ahead of the curve and explore investment opportunities in PlayDoge, Mega Dice, Sponge and eTukTuk today.
