Web3 gaming company PlayAI completes $4.30 million seed round

PlayAI, a Web3 gaming company, has raised $4.30 million in seed funding at a total valuation of $70 million. P2 Ventures, Jump Crypto, Alphawave, Zentry, MH Ventures, Tykhe Block Ventures and angel investors have all backed PlayAI. The company intends to use the new funding to expand its team, in addition to launching a streaming moneymaking campaign for gamers and moving towards launching an incentive testnet for the platform.
PlayAI is a Web3 platform that rewards gamers for sharing game data, which the company uses to train AI models. PlayAI has launched a platform called Collective, where users can share their game data and profit from it. Holders of the Play Collective NFT, which the company launched today, will receive exclusive rewards.