Nestcoin’s blockchain gaming platform, Metaverse Magna (MVM), is a gaming group of emerging markets and an Africa-focused web3 startup. MVM was created by Nestcoin in collaboration with Old Fashion Research, a multi-strategy blockchain investment fund, to create a platform for African gamers. Launched in December 2021, the platform helps gamers earn money from casual and competitive games through its free-to-play web2 games. MVM has over 100,000 members across its products and community. MVP MVM is soon to launch a social media gaming app called Hyper. MVM offers play-to-earn scholarships to over 1,000 gamers to play crypto games like Axie Infinity and Pegaxy.
Nestcoin’s Metaverse Magna secured $3.2 million in seed funding to build Africa’s largest crypto gaming community. The fundraising was backed by Wemade, Gumi Cryptos, HashKey, Tess Ventures, LD Capital, Taureon, AFF, Polygon, Casper Johansen, and IndiGG. With this new funding, MVM aims to establish itself as Africa’s first and largest gaming network. The startup used the seed funding to invest in web3 projects, including the crypto content platform Breach Club. The company aims to be the leading social media gaming conversation in Africa to unlock opportunities for gamers and developers. MVM is encouraging African gamers to be part of the gaming world. It is estimated that Africa has around 186 million gamers, and creating a platform will help minimize the unemployment rate in Africa if the youth play a game they love and start earning money.
