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Panzerdogs - Strategic
Overview
Funding Date
August 3, 2022
Financing amount
$3.35M
Valuation
--
Subcategory
About Panzerdogs - Strategic
WAGMI Ltd ("WAGMI") a wholly-owned subsidiary of Fragbite Group AB (publ) ("Fragbite" or "the Group") has agreed with numerous leading blockchain investors such as Solana Ventures, Magic Eden, COM2US, CRIT, Mysten Labs, Zeeprime Capital, Hustle Fund, SOLBigBrain, Devmons GG, Sebastien Borget (co-founder of The Sandbox) and others to buy its in-game tokens that is soon to be released, for a total amount of USD 3.35 million.
The token sale in the so-called "Strategic Round", where a selected number of strategic investors get the opportunity to buy tokens before a public sale, will strengthen the capital base of the Group and will be used to build a portfolio of Web3 games that utilizes the in-game token as the premium in-game currency. The revenue resulting from the token sale will be recognized over the coming financial periods. The public sale of the in-game token is planned for later this year.
Fragbite acquired Lucky Kat B.V. in December 2021 to take its first step within Web3 games. With the initial success of Panzerdogs, one of the leading gaming projects on Solana blockchain technology, Fragbite has now many relevant partners on board to start building its metaverse. To realize this metaverse, WAGMI and Lucky Kat are building a second Web3 game that will be revealed soon. Users are able to utilize the in-game token and previously released Non-Fungible-Tokens ("NFTs") from Panzerdogs in this new experience.
Panzerdogs is made by Lucky Kat Studios.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | -- | 2021 | 100 | -- | ||
| Corporate | United States of America | 2021 | 9 | [email protected] | ||
| Corporate | Korea (the Republic of) | -- | 16 | -- | ||
| Fund | Korea (the Republic of) | 2020 | 8 | -- | ||
| Corporate | United States of America | 2021 | 16 | -- | ||
| Fund | Slovakia | 2019 | 46 | [email protected] | ||
| Fund | United States of America | 2017 | 15 | [email protected] | ||
| Angel Investor | Unknown | -- | 3 | -- | ||
| Corporate | -- | -- | 5 | -- | ||
| Angel Investor | United States of America | -- | 49 | -- |
Company Profile / Project Introduction
Panzerdogs is a Solana NFT gaming project where users can own each in-game asset and use them to battle against each other in tanks. Think Brawl Stars, but with tanks and play to earn mechanics.
Made by Lucky Kat Studios. An award winning game studio from the Netherlands with a proven track record of excellent games. Lucky Kat specializes in mobile & web games in the categories casual, mid-core, and hypercasual. The games have over 200 million downloads on the App Store and Google Play and have been featured multiple times as Game of the Week on these platforms.
In December 2021 Lucky Kat was acquired by Fragbite Group ($FRAG), a leading e-sports company listed on the Nasdaq First North Growth Market. With transition to play-to-earn games and Fragbite's expertise in e-sports the team believes there are many operational synergies and opportunities.