- Chillchat is a create-to-earn social metaverse where players can mint and sell characters as NFTs.
- The startup has raised a $1.9 million seed round, led by Solana Ventures and Animoca Brands.
- See the key slides from the pitch deck it used to convince investors to back its latest fundraise.
Social metaverse startup Chillchat on Wednesday said it has raised a $1.9 million seed round, which it plans to use to further develop its in-platform game offerings and expand its team.
Founded in 2019, Chillchat allows players to create, mint and sell pixel-art characters as NFTs. Players can then use these characters in the platform’s “worlds,” where they can chat with friends or meet new players, as well as play games. They will also be able to trade their creations in the secondary NFT market.
The company recently minted the first 1,000 charaacters for players to purchase and use in-game. The virtual characters were auctioned at a starting price of 2 SOL ($160) and were last trading at 28 SOL ($2,260) on NFT marketplace Magic Eden.
James Au, Chillchat’s cofounder, said the company wants to attract female players, who he says have “the largest purchasing power” within the casual gaming market. He said most of the current metaverse projects cater to committed gamers, which is a turnoff for casual players.
“We want to build a metaverse that is so fast, when you’re on your way to work or sitting in the train, you can bust out your phone, jump into the metaverse, start chatting with people, and then when you’re done you can just put it back and you’re back in real life,” Au said.
The seed round was led by Solana Ventures, Griffin Gaming Partners, FTX Ventures and Animoca Brands, with participation from other crypto funds.
Check out the key slides from Chillchat’s seed round investor deck.
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