Demole
Make friends - earn together.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor investor investor investor investor | €0.0 | round | |
* | $1.9m | Early VC | |
| Total Funding | 000k | ||
Demole, short for Defi Monster Legends, operates within the blockchain gaming sector, presenting itself as a 3D role-playing game built upon a play-to-earn framework. Founded in 2021 and headquartered in Hanoi, Vietnam, the company aimed to merge traditional gaming elements with the then-burgeoning NFT market. The development was handled by four distinct teams focusing on blockchain, game art, marketing, and finance. The company secured $650K in funding from investors including DAO Maker, X21 Digital, Basics Capital, and Raptor Group.
The business model is centered on a play-to-earn system, facilitated by the Binance Smart Chain. Revenue streams were designed around in-game spending, which was then redistributed. A portion of the revenue was to be burned to increase the value of the native token, another portion funded team development, and the remainder was allocated as in-game rewards for players. The target audience included both cryptocurrency investors and traditional gamers looking for a new interactive experience. The game was developed for both PC and mobile platforms to ensure broad accessibility.
Demole's core product is a 3D RPG where players engage with NFT-based monsters in a metaverse setting. The gameplay encompasses both player-versus-environment (PvE) and player-versus-player (PvP) modes. Features include a campaign storyline, daily quests, arena battles, world boss fights, and an item marketplace. Players collect and battle with monster squads, which they own as NFTs and can trade on the marketplace. The earning mechanism allows players to acquire the in-game token, $DMLG, and other NFT assets through activities, which can then be traded. A key feature highlighted was its financial model, which was intended to manage token value and prevent the asset inflation that plagued other NFT games.
Keywords: Demole, Defi Monster Legends, DMLG, NFT game, play-to-earn, blockchain gaming, 3D RPG, Binance Smart Chain, crypto game, monster battle game, NFT marketplace, PvP gaming, PvE gaming, virtual assets, digital collectibles, DAO Maker, X21 Digital, play-to-earn model, crypto investment, mobile gaming, PC gaming, game finance