Vega Ventures Leads Strategic Investment in BurgerCities for Web3 Gaming and Metaverse Development
BurgerCities, a project that has evolved from BurgerSwap, a DeFi platform on the BNB Chain, has recently received a strategic investment round led by Vega Ventures, a dedicated venture capital fund focusing on crypto investments. This investment aims to drive the development of BurgerCities’ Web3 gaming ecosystem and Metaverse construction. With Vega Ventures taking the lead, the strategic investment round raised $4 million, attracting participation from SANYUAN Labs and Bitfly Capital. As a result, BurgerCities‘ valuation reached $50 million.
The strategic investment infusion is expected to accelerate BurgerCities‘ progress as it strives to establish a blockchain gaming environment where MetaFi and GameFi coexist, introducing novel concepts to the world of digital gaming.
The raised funds will be utilized to propel the advancement of the BurgerCities ecosystem, with a specific focus on the following objectives:
- Enhancing the battle system.
- Developing a multi-chain ecosystem.
- Enriching gameplay content, such as Set Meal, War Machine, Burger Tower, and Peak Ranking.
- Expanding the social-fi system by implementing the Guild System and Friends System.
- Introducing the User-Generated Content (UGC) feature.
- Implementing mobile terminal and AI interactive functions.
- Incorporating mini-games such as Lucky Draw, Lottery Draw, and Mazes.
Our dedication lies in focusing on Web 3.0, the Metaverse Virtual, and Blockchain innovation to provide users with the most cutting-edge products and gameplay experiences, thereby creating a unique BurgerCities experience.
With increased financial support, we can expand our development team and accelerate the construction of the game ecosystem. Additionally, we will seek collaborations with other renowned projects to organize various large-scale activities.
About Vega Ventures
Established in 2020, Vega Ventures is a venture capital fund specialized in crypto investments. Its team members have experienced the market cycles of both bull and bear markets, bringing decades of experience in traditional finance and blockchain investment. With an in-depth understanding of industry dynamics, the team has developed a comprehensive investment philosophy and methodology.
The name “Vega” holds significance as the second most important star in the sky, after the Sun, according to astronomers. Similarly, Vega Ventures aspires to become an essential player in the metaverse.
Vega Ventures maintains an open-minded approach, seeking investment certainty by focusing on the “dynamic value” of crypto projects. They employ structural thinking to form a product matrix and invest only after gaining a deep understanding of the projects. Furthermore, they empower and extend their invested projects to enhance certainty.
Vega Ventures will continue to focus on public chains, related infrastructure, DeFi protocols, open platforms, NFTs, GameFi, DAOs, Web3.0, Metaverse, and other fields. They aim to stay ahead of industry changes by quickly and accurately capturing the elements and timing of these shifts. While keeping an eye on structural competitive advantages, Vega Ventures adopts a cautious yet resolute long-term investment approach to capture excess returns in the market.
About SANYUAN Labs
Founded in July 2018 in Mahe, Seychelles, SANYUAN Labs is comprised of industry practitioners, community leaders, and freelance investors. Some team members from Ternary Capital have graduated from esteemed universities such as Tsinghua University, Fudan University, the University of Hong Kong, and Singapore Nanyang Technological University. They possess rich experiences and resources in the blockchain industry and actively participate in various global conferences, including Ethereum Devcon5, GoHack2017 Hackathon, New York Consensus Conference, Hong Kong Token2049, and World Blockchain Summit in Singapore.
About Bitfly Capital
Bitfly Capital specializes in the blockchain industry, aiming to identify and invest in sustainable blockchain projects while providing incubation and product-market guidance services. The team comprises experienced individuals who have previously worked at companies such as Google, Tencent, Babel Finance, and Accenture. Headquartered in Hong Kong, Singapore, and Silicon Valley, Bitfly Capital combines expertise and diverse backgrounds to navigate the blockchain landscape.
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