20 March. 2022
Ignite Tournaments, a play-to-earn (“P2E”) esports tournament and streaming platform, announced a secure $10 million financing from strategic investors in funding which will be used to improve the company’s infrastructure and operations.
“To build the world’s first mobile play-to-earn esports tournament and streaming platform”. Said Ignite Tournaments.
Ignite Tournaments is a company that creates play-to-earn competitive gaming.
A $7 million strategic round closed in February 2022 was by Animoca Brands, a prolific investor in the esports-blockchain space alongside Infinity Ventures Crypto and Moon Holdings Fund.
Also, a $3 million seed round, completed in December 2021, was co-led by Yield Guild Games, with a total of $10 million raised, reflecting two crucial investment rounds.