Dragonz Lab, a web3 gaming studio based in the UK, has announced the successful completion of a $9 million equity funding round. The investment was led by Syndicate Capital Limited Partnership Fund (LPF), a venture capital firm with a focus on web3, blockchain, and AI. The funding will be allocated to enhance the Dragonz Land ecosystem, a Play-2-Earn (P2E) game that integrates blockchain-based digital property rights.

Syndicate Capital LPF aims to support the growth of Dragonz Land by expanding the game’s features, including player-versus-player (PvP) tournaments, strategic guild collaborations, and customer loyalty initiatives. The collaboration aligns with Syndicate Capital's mission to develop digital ecosystems that promote user retention and long-term engagement.

Dragonz Lab Secures $9M Investment for Web3 Game

What is Dragonz Land?

Dragonz Land currently attracts more than 5.3 million monthly active users. The game offers players the ability to buy, trade, and upgrade NFT cards representing 16 unique factions. Players earn in-game tokens by participating in various tasks, completing objectives, and engaging with the community.

Available on both mobile and desktop platforms through Telegram, Dragonz Land leverages blockchain technology to ensure secure transactions and true ownership of digital assets. This allows players to manage their digital property without relying on traditional intermediaries, reinforcing the web3 principle of decentralized asset control.

The game distinguishes itself with a dynamic revenue model centered on in-game purchases and asset upgrades. This business approach aims to support sustained user engagement by merging gaming mechanics with blockchain-backed digital property rights.

Dragonz Land Cover Banner on X (Twitter)

Partnership with Syndicate Capital LPF

Syndicate Capital LPF’s investment reflects a strategic move into the telegram tap game market, which has seen rapid growth but faces challenges in sustaining user engagement. As part of its mission to support fintech and web3 innovation, Syndicate Capital views the partnership with Dragonz Lab as an opportunity to strengthen its digital economy portfolio. Andy Chen, Co-General Partner of Syndicate Capital LPF and Board Member of Dragonz Lab, commented:

“Partnering with Syndicate Capital LPF represents a huge leap forward for the Dragonz ecosystem. Our expertise in building loyalty programs aligns perfectly with the game’s vision to create a sustainable and engaging environment. This synergy will allow us to develop new digital assets and property rights to enhance both user acquisition and retention.”

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Synergies with Existing Ecosystems

The partnership marks a significant step for Syndicate Capital LPF, which has primarily focused on investments in the web2 space, as it expands into web3 gaming and digital ecosystems. Dr. Albert Yip, Chairman of Syndicate Capital Group, emphasized the broader impact of this collaboration:

“Dragonz Land represents the future of gaming and web3 by combining blockchain technology, GameFi innovation, and a sustainable revenue model. Our involvement will boost Dragonz Lab’s growth while producing synergies with our other loyalty programs, such as Asia Top, one of our key portfolio companies.”

Final Thoughts

Dragonz Lab plans to roll out new tokenomics and additional features in the coming months, further enhancing the gaming experience and driving community engagement. This roadmap reflects the studio’s commitment to maintaining a thriving user base and adapting to the evolving web3 landscape. For more information about Dragonz Land, visit their official site and social media account, or start playing on Telegram.