Fomocraft Ventures

Dec 3, 2021

AAG Ventures , a Singapore-based Play-to-Earn (P2E) guild and P2E / Learn-to-Earn (L2E) platform, raised over $12m in funding. The Round was led by Shima Capital, Tribe Capital and Tess Ventures, and includes HashKey Capital, Everest Ventures Group, Republic Realm, Portico Ventures, Genblock Capital, Kosmos Capital, Muses Builder, GDP Venture, Slayton Capital, Synergis Capital, ViaBTC Capital, Sanctor Capital, YellowBlocks, Oyster Ventures, and Fomocraft Ventures. It also includes game studio backers Vulcan Forged, Sipher, Cukies.world, Immortal Game, and Community Gaming. The company intends to use the funds to launch beta versions of its P2E and L2E platforms in 2022 as well as expand its guild, which currently includes more than 2,000 scholars across the Philippines and six other countries. This effort will help more people achieve economic sufficiency through P2E and also allow AAGV to expand across the globe, diversify across games and most importantly gain insights on Guilds’ pain points to inform the P2E Platform design. Led by Nelly Sutjiadi, Co-Founder and Chairwoman, and Jack Vinijtrongjit, Co-Founder and CEO, AAG aims create economic empowerment through Play-To-Earn and Learn-To-Earn. To this end, the company is advancing an L2E platform is a new concept that takes the best of P2E but redirects its focus directly on education. L2E players will earn crypto while learning transferable skills (e.g., math, programming) that can make them more employable in a gamified fashion. The company has the goal to bring 100M people onto the metaverse by 2030 to spread economic sufficiency. FinSMEs 03/12/2021