ChainCatcher news, Oak Grove Ventures announced its participation in the $4 million seed round financing for the Web3 game "Legend of Arcadia" (abbreviated as LOA). This round of financing attracted participation from several well-known investment institutions, including Animoca Brands, OKX Ventures, Arche Fund, Selini Capital, and SNZ Capital. In addition, Sebastien Borget, co-founder of The Sandbox, also joined this round of financing as an angel investor.It is reported that LOA is a multi-chain free-to-play casual strategy card game developed by Hong Kong game developer Mugen Interactive, which integrates traditional gaming elements with the Web3 GameFi 2.0 concept. The game is scheduled for official release in the fourth quarter of 2024, and this financing will be used to accelerate the game's development process. Oak Grove Ventures is an investment fund headquartered in Singapore, which has successfully supported over 50 projects and 12 funds.As a fund focused on early investments in the cryptocurrency and Web3 fields, Oak Grove Ventures is optimistic about the rich experience of the LOA development team in game production. The team consists of members from well-known Web2 gaming companies such as Tencent, Hero Entertainment, and Xishanju, with over 15 years of industry experience. Oak Grove Ventures will leverage its investment experience and resource network in the Web3 field to assist LOA in accelerating development and promoting its global adoption.

ChainCatcher news, Web3 game developer Legend of Arcadia has completed a $4 million seed round financing, with participation from Animoca Brands, OKX Ventures, Arche Fund, and Selini Capital. It is reported that Legend of Arcadia is currently developing a card role-playing game that will be freely accessible on mobile devices and will launch an in-game cryptocurrency called ARCA.