Saakuru Labs Raises $2.4M to Boost Saakuru Protocol Adoption

In an oversubscribed private investment round, Saakuru Labs successfully secured $2.4 million, marking a major step towards increasing its impact and capabilities. The purpose of this fund injection is to hasten the adoption of the Saakuru Protocol, which has gained a lot of momentum and development in the GameFi sector.

With over 430,000 wallets holding assets on its mainnet, the Saakuru Protocol—which is renowned for its creative approach to blockchain scalability and efficiency—has already made an impact. With over 200,000 transactions per day, Saakuru is now the fourth most active Layer 2 (L2) solution in the blockchain sector. This degree of activity highlights the protocol’s increasing significance and the users’ growing confidence in its dependability and effectiveness.

With more than 40 projects scheduled to launch in 2024, the ecosystem around the Saakuru Protocol is expected to grow dramatically this year. Among them is Worlds Beyond’s primary gaming platform, PlayGround, which is anticipated to garner a lot of interest. Furthermore, games like Soccer Sage, a soccer betting game that aims to captivate players worldwide, and Crypto Run, a Made by Apes game, will enhance the gaming scene. Participating in this investment round and a major player in the gaming industry, Worlds Beyond has announced intentions to release three additional games later this year, adding to the ecosystem that the Saakuru Protocol is fostering.

Based VC and ARC Community are leading the fundraising round, demonstrating their significant belief in Saakuru Labs’ vision and the Saakuru Protocol’s technological capabilities. A group of prominent investors from various parts of the blockchain ecosystem have joined them, including PG Capital, Wizard Capital, Decubate Ventures, Steady Stack, W3GG, Calib3r, Rarible, Worlds Beyond, Uptrend Digital, Arclight Studio, and IBC Group. This varied array of supporters demonstrates the broad acceptance and belief in the protocol’s capacity to transform the direction of DeFi and blockchain scalability.

A number of well-known angel investors have joined the ranks of institutional investors. These include Marcus “Revenant” Tan, a well-known figure in the esports industry; Dingaling; Sharon Lourdes Paul, the founder of HQ; Artem Sergeev, the founder of Forked; Broderick Sim, the growth lead at Pixelmon; Irene Umar, the co-founder and CEO of W3GG; David Johansson, the CEO and creative director of Blocklords; Harrison Goldsmith, the founder of Owl Protocol; 0xAndy.eth, a fundamental team member of BAYC Taiwan; and Pep Ruckpanich, the EIR at 100X. Their participation is crucial to Saakuru Labs’ development since it not only provides financial assistance but also a plethora of knowledge, connections, and experience.

The purpose of this round of funding is to achieve the strategic aim of increasing the number of people who accept the Saakuru Protocol and to provide a strong basis for its further growth in the future. Through the participation of a diverse range of stakeholders, ranging from institutional supporters to important industry influencers, Saakuru Labs intends to cultivate a rich and thriving ecosystem that is centered around its protocol. This strategy, which is driven by the community, is a demonstration of the company’s dedication to not just innovation, but also inclusion and cooperation in the rapidly developing field of blockchain technology.