Fruitlab secures £1.3m from Scytale Ventures for its blockchain gaming platform
Scytale Ventures backed the web3 social gaming platform to support its play-to-earn ecosystem.
Fruitlab is a blockchain-powered social gaming platform that supports nearly 700,000 users worldwide. The company provides a universal play-to-earn framework alongside esports and content-sharing capabilities.
Fruitlab has raised £1.3m in seed follow-on funding from Scytale Ventures to support its blockchain gaming platform. The capital will aid the firm in expanding its ecosystem, which integrates play-to-earn mechanics, player-funded esports, and content monetisation for nearly 700,000 global users.
Operating as a decentralised application, Fruitlab rewards players with its native cryptocurrency, the PIP, while they engage with popular AAA titles without altering their usual gameplay habits. The fresh investment reinforces the company position within the blockchain gaming sector as it continues to build out real-world solutions for players, creators, and developers.
From the founder
"With Scytale’s investment supporting our unique blockchain-powered social gaming platform, we’re bringing together ‘Play-to-Earn’, Esports and social content, and providing rewards through our own cryptocurrency, the PIP,"
Cameron Leslie
Co-Founder at Fruitlab
Investor perspective
"Gaming is one of the sectors that is benefitting greatly from blockchain tech,"
Mark Cachia
CIO/Founder, Scytale Ventures