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PlayerLands Raised $0.3m For Its Marketplace Platform

EARLY VENTURE | ANNOUNCEMENT DATE: AUGUST 11, 2020
WRITTEN BY | 27 Aug 2020
PlayerLands Raised $0.3m For Its Marketplace Platform
EARLY VENTURE

💵 Venture Funding

  • UK-based developer of a payment system for online games PlayerLands raised $264k in a venture round from its existing investor MEIF Proof of Concept & Early Stage Fund, part of the Midlands Engine Investment Fund (MEIF)

  • New funding will allow the company to finally launch their platform, as well as hire new people for customer support

💵 Previous Round

  • In July 2018, PlayerLands raised another $264k from MEIF Proof of Concept & Early Stage Fund

🎲 Products

  • PlayerLands develops a platform for digital marketplace, allowing players easily trade virtual goods for real money rather than cryptocurrencies

  • The platform should make it easier for developers to monetise their product, as microtransactions became the norm over the past few years

  • Its also provides a secure payment system for players to buy and sell digital items online

  • The platform is already integrated with all major payment systems

  • PlayerLands supports Minecraft, with Rust, CS:GO and Hytale being on the way

SOURCES: NORDIC9, UKTECH

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PlayerLands
  • Established in 2016

  • Headquarters — Derby, United Kingdom

  • Founded by Nicholas Gillett and Alexander Booth

  • Developer of a blockchain-based marketplace for online games