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NFT rental marketplace Playdex raises $2M in seed funding

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Philippines Headlines News

Playdex, an online play-and-earn rental marketplace that allows gamers and guilds to rent gaming assets from NFT owners, has raised US$2M in seed round funding in an industry expected to soar to US$50B by 2025.

With Filipino users accounting for a staggering 40% of pioneering play-to-earn game Axie Infinity’s players, Playdex will use the fresh investment to accelerate product development, scale its community, and integrate more games into the platform.

The US$2M seed round has attracted investments from PDAX, OrangeDAO, and iSeed Ventures. Other angel investors include Tinder co-founder Justin Mateen, Magic co-founder Aaron Kemmer, CSVE Ventures Managing Partner Nina Teng, Yaw Yeo of XA Network, Lazada PH Chairman Ray Alimurung, and Buko Ventures.

 

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