Startup Gabby World raises $2m from investors at $20m valuation

The team behind Gabby World, a role-playing RPG project developed for the Telegram platform, has announced the completion of a funding round. The startup raised $2 million with a total company valuation of $20 million. The round was led by such large investors as SevenX Ventures, nxgen, EVG and others.

The project is a game based on the Telegram messenger, which makes it accessible and convenient for a wide audience. The product is actively used by millions of users from all over the world. This gives Gabby World a unique opportunity to attract the attention of hundreds of millions of users.

Contributors also include well-known venture capital funds and gas pedals, including OnePiece Labs, Zonsff Partners and PAKA. Notably, angel investors, including experts such as Zheng Cao and Jinu Park, also participated in the round. The main feature of the project is its emphasis on interactivity and innovation.

Gabby World uses Telegram not just as a platform, but as a full-fledged ecosystem for player interaction. This helps the project stand out from other Web3 games, which most often require the installation of separate applications. The raised funds will be used to further develop the project, improve user experience and expand functionality. The team plans to introduce new game mechanics and enter additional markets.

The interest of investors emphasizes the demand for such solutions. Telegram is becoming an increasingly popular platform for gamification and distribution of other types of digital content. Taking this into account, Gabby World has every chance of successful development and scaling in the coming years. The project team demonstrates how messengers can be effectively used to realize innovative ideas.

Author: Saifedean Ammous, an expert in cryptocurrency economics.

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