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Monkey Tilt announced on Wednesday that it has secured $30 million in Series A funding to further develop its blockchain-based gaming and entertainment platform.
As stated in a press release from the company, the funding round was spearheaded by Pantera Capital, with contributions from Polychain Capital, PokerGo, Hack VC, Dream Ventures, Accomplice, Mirana, and Josh Hannah, raising total investments to over $50 million.
Entertainment and Gaming Merged with Crypto Payments
Launched in March 2024, Monkey Tilt has created a platform that combines traditional casino experiences with blockchain technology and cryptocurrency payments. It features dealer-led craps and roulette, a 24/7 sportsbook, and support for multiple currencies.
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The company emphasized its cryptocurrency payment system in the announcement, which enables betting with a diverse array of digital assets. This capability has positioned it as a hub for both seasoned players and newcomers eager to delve into blockchain gaming.
@MonkeyTiltPlay raises $30M in a Series A funding round
#MonkeyTilt secures $30M in a Series A funding round led by @PanteraCapital, with participation from @Polychain, @Mirana, @Hack_VC, @PokerGO, Accomplice Blockchain, @DreamVenturesVC and angel investors.
Monkey Tilt… pic.twitter.com/hJcHhS1mlH— PHOENIX – Crypto News & Analytics (@pnxgrp) November 20, 2024
“The reality is this industry has failed to keep up with how people want to game, connect, and interact. Monkey Tilt was designed to completely upend what we think of as the traditional gaming experience,” stated Monkey Tilt Founder and CEO Sam Kiki.
Monkey Tilt intends to utilize the newly acquired funds to improve its current platform and roll out additional features. These will include a gamified cryptocurrency trading product set to launch in early 2025.
The post Monkey Tilt Raises $30M in Series A Funding for Blockchain Gaming appeared first on Cryptonews.
