The Bitcoin gaming platform Zebedee has successfully secured $35 million from various investors, including the well-known Square Enix.
Zebedee, a play-to-earn company centered on Bitcoin, has raised $35 million aimed at improving in-game payment methods across various virtual landscapes. This Series B funding round was led by Kingsway Capital, featuring contributions from the developer of the Final Fantasy series. Square Enix Additionally, positioning itself with the likes of global merchant bank The Raine Group, as well as Lakestar and Initial Capital from the previous round of funding.
This round of funding empowers us to pursue our ambitious plans, allowing us to enhance our infrastructure to support the vast number of users engaging with our partners' games, while also recruiting top-tier talent to ensure a seamless experience for all partners working with Zebedee. said CEO of Zebedee, Simon Cowell.
Zebedee functions as a payment processor within the gaming sector, facilitating global transactions and equipping developers and gamers with tools to establish virtual economies using the Bitcoin Lightning Network. Its programmable payment solutions minimize transaction sizes, which leads to lower fees.
With this new investment, Zebedee aims to enrich the gaming landscape by creating fresh revenue streams through cryptocurrencies and Web3 technology, ultimately enhancing gameplay for diverse player demographics. Furthermore, the company plans to develop its infrastructure, enabling it to provide additional services and resources to game developers.
Previously, Zebedee had collected $11.5 million to further enhance its Bitcoin payment solutions within Web3 gaming. To date, its total funding has reached approximately $50 million.
According to Afonso Campos, Managing Partner at Kingsway Capital, partnering with Zebedee will enhance user retention rates, lower transaction costs, and deliver an overall improved payment experience, thereby introducing Bitcoin to millions worldwide.
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