Coinspeaker
Blockchain Startup PiP World Secures $10M Funding to Develop ‘Duolingo of Crypto’
PiP World, a blockchain startup targeted on the gaming sector, has efficiently raised $10 million in seed funding from Exinity, a worldwide fintech firm primarily based within the United Arab Emirates (UAE).
In keeping with a press launch shared with Coinspeaker, PiP World plans to make use of the funds to construct an modern platform dubbed the ‘Duolingo of Crypto.’ This new platform will mix participating gameplay with customized studying, aimed toward empowering customers with data of cryptocurrencies and monetary markets.
Infusing Gameplay to Monetary Training
In contrast to conventional studying apps, the corporate mentioned the brand new platform will incorporate interactive gaming parts to make studying extra dynamic and gratifying.
PiP World already operates an in depth gaming ecosystem, that includes titles corresponding to PiP Dealer, PiP World’s Gold Rush, PiP Academy, and StockRise.
PiP Dealer is a AAA-level technique administration sport the place gamers construct and handle buying and selling portfolios, simulating real-world monetary competitors. The second sport, PiP World’s Gold Rush is a tap-to-earn sport accessible on Telegram, providing customers the possibility to earn rewards by way of easy gameplay.
As for PiP Academy, the sport is designed to make complicated monetary ideas accessible by way of interactive gameplay whereas StockRise is a inventory market simulation sport hosted on Roblox, the place customers can expertise inventory buying and selling in an interesting, interactive surroundings.
With the backing of Exinity, PiP World plans to combine these video games into its upcoming ‘Duolingo of Crypto’, platform, offering customers with instruments to navigate fashionable monetary markets successfully.
World Growth Plans
Past the academic platform, the funds will help PiP World’s enterprise growth into key markets, notably these the place entry to monetary instruments and data stays restricted.
In keeping with the corporate, the transfer is a part of its long-term mission to democratize monetary schooling and supply customers with the abilities wanted to reach in the present day’s economic system.
“We are thrilled to partner with Exinity as we work towards transforming how people learn about financial markets,” mentioned Saad Naja, CEO of PiP World. “This investment will allow us to expand our offerings globally, especially in emerging markets where financial education is lacking.”
PiPe World Companions Exinity
Along with securing funding, PiP World has additionally shaped a strategic partnership with Exinity. The collaboration will see PiP World combine its StockRise sport into Exinity’s platform, making a seamless fusion of gaming and monetary schooling.
The corporate mentioned the partnership comes at a time when the Center East is opening its shores to Web3 gaming. In keeping with
PiP World, among the main cities within the area together with Dubai is positioning itself as a worldwide hub for the business. Town has been projected to draw as much as 100 million avid gamers and create a market valued at over $1 billion by 2025.
Blockchain Startup PiP World Secures $10M Funding to Develop ‘Duolingo of Crypto’