Power Protocol Secures $3 Million from Bitkraft Ventures, Total Funding Hits $15.5 Million

Power Protocol’s latest $3M raise, backed by major crypto and gaming investors, will fuel expansion into multi-game token economies and broaden blockchain infrastructure adoption.

Summary

Power Protocol announced a $3 million funding round with participation from Bitkraft Ventures, Delphi Digital, Spartan VC, and Mechanism Capital, bringing its total capital to $15.5 million. The funding will support expansion into diverse game token economy models, moving beyond single-game tied tokens, and further develop its scalable blockchain infrastructure for multiple studios. The initiative aims to enhance interoperability and adoption by integrating shared on-chain systems across varied gaming ecosystems.

Terms & Concepts
  • Blockchain infrastructure: The foundational technology framework enabling decentralized applications, smart contracts, and token systems to operate securely and efficiently.
  • POWER token: The native digital asset of the Power Protocol ecosystem, used for in-game economies and on-chain transactions.
  • On-chain systems: Processes or applications that execute directly on a blockchain, ensuring transparency and immutability.