Partner at Moon Holdings and Former Head of Creative and Franchise at Riot Games, Thomas Vu, has stated that he is Between these leading companies, decades of experience are shared, with experts within the field of both blockchain and traditional gaming joining the roster of investors. In the $7 million investment pool, lead investors were Moon Holdings Fund, Infinity Ventures Crypto, and Animoca Brands. Key figures in this $3 million investment pool were Ascensive Assets and Yield Guild Games, with additional investments from Skyvision Capital, Arca Funds, Mechanism Capital, and a range of angel investors and external funds. The total $10M figure comes from two individual seed rounds, one which was finished in late December 2021, totaling $3 million, and another which concluded in February 2022 with a value of $7 million. Their vision is to build the world’s very first P2E (Play-2-Earn) eSports tournament and streaming network. Most recently, Ignite Tournaments is joining this figure after receiving a total of $10,000,000 USD in financing from investors. Streaming and eSports are two valuable sectors of the gaming industry, with a total of $2.1 billion estimated within these markets.
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