KapKap Raises $10 Million in Funding to Advance AI-Driven Web3 Gaming Platform

KapKap, an AI-native Web3 platform, has secured $10 million in a funding round led by Animoca Brands, with significant contributions from Shima Capital, Mechanism Capital, and other investors. The investment is targeted at developing and expanding its Key Attention Pricing System (KAPS), which aims to monetize user attention and creativity within the Web3 gaming ecosystem.

The platform currently boasts 1.7 million monthly active users, highlighting strong user engagement. Funds will be used to enhance technological advancements, launch new games, and establish strategic partnerships, including collaborations with Bored Ape Yacht Club (BAYC) and other entities, to drive mainstream adoption and market synergies.

Animoca Brands' CEO emphasized the strategic importance, stating, "Our investment in KapKap underscores our commitment to innovative platforms that bridge AI and gaming, providing new avenues for user engagement and monetization in the Web3 space." This funding round reflects growing venture capital interest in AI-integrated Web3 projects and could set a precedent for future investments in blockchain gaming.