CybertinoLab Secures $10m From Institutional Investors To Develop Platform

  • Blockchain , Cybersecurity
  • 06.09.2021 12:59 pm

Cybertino Lab, who created the marketplace for non-fungible tokens (NFTs) early this year, has secures $10m from institutional investors including VC firms Sky9 CapitalZoo CapitalDraper DragonINCE CapitalUpHonest Capital, blockchain investment funds Divergence Ventures, SNZHashed and branded blockchain gaming investor Animoca Brands. The investment will allow Cybertino Lab to further develop its platform, to expand its marketing output and to create a new web 3.0 social product.

Founded in March 2021 by US and Chinese entrepreneurs Wilson Wei, Ryan Li, Shiyu Zhang, Zhimao Liu, and Duke McKenzie, Cybertino Lab’s mission is to create user-friendly products in web3.0. So far they have launched the world's first community-focused NFT marketplace. CEO and Co-Founder Wilson Wei was previously the chairman of DLive, the first-ever decentralized live streaming platform for gamers and crypto fans, which had more than 30 million monthly active users when it was acquired by BitTorrent in early 2020.

This August, Cybertino announced the launch of the world’s first interactive NFT via a partnership with digital asset price-tracking website CoinMarketCap. The first “roguelike” design available via CoinMarketCap was inspired by classic computer games and by the “to the moon” Bitcoin theme. The design of the unique NFTs can change based on exterior information. The first interactive NFT is linked to the price of Bitcoin and will change depending on the Bitcoin price movements; the astronaut depicted will float closer or further from the moon, depending on the price.

Cybertino CEO and Co-Founder Wilson Wei commented: “We are delighted to have secured such strong backing from these experienced investors for our efforts at this early stage in our development. This investment will supercharge our efforts to build the next generation web3.0 products with great user experiences.”

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