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2024 African Venture Capital Report

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Nestcoin’s Metaverse Magna Raises USD 3.2 Mn Seed Round
Nestcoin’s Metaverse Magna Raises USD 3.2 Mn Seed Round

Metaverse Magna (MVM), a blockchain gaming platform, has raised a USD 3.2 Mn seed sale token round to expand its efforts to build Africa’s largest gaming DAO and provide gamers with access to world-class opportunities. The round saw participation from Wemade, Tess Ventures, LD Capital, Taureon, Gumi Cryptos Capital, HashKey, AFF, Polygon Studios, Casper Johansen (Spartan), and IndiGG. 

Metaverse Magna seeks to build its community of gamers as a gaming guild. Metaverse Magna offers play-to-earn scholarships to over 1,000 gamers to play crypto games like Axie Infinity and Pegaxy with its model.