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  • Writer's pictureIntra Blocks

Why Skyplay Deserves the $10M Investment by LDA Capital



In the rapidly evolving world of blockchain and Non-Fungible Tokens (NFTs), a new player, Skyplay, has emerged with a disruptive approach that has not only garnered significant attention but also recently secured a $10 million investment from LDA Capital Limited. The Korean-based company has carved out a unique niche for itself, with ambitious plans to change the way we interact with NFTs and blockchain-based gaming.


A New Force in the Blockchain Gaming World


Established in July 2021, Skyplay is a blockchain-based NFT platform with a twist. It offers a comprehensive and user-friendly ecosystem where users can create, manage, and trade NFTs in a multitude of formats such as art, music, and video. A distinguishing aspect of Skyplay is its incorporation of games, including ClashRow, where players can earn tokens through their gaming skills. The use of the NEAR protocol in these games further underscores Skyplay's commitment to leveraging cutting-edge blockchain technology.


A Thriving Ecosystem with an Underlying Currency


A central aspect of Skyplay's ecosystem is the SKP coin, the platform's native cryptocurrency. SKP coins can be utilized for various purposes within the ecosystem, creating a seamless integration between onboarded content and the currency itself. This approach allows users to experience a wide range of services using SKP as the underlying currency, a move that simplifies transactions and improves the user experience.


Global Reach and Future Growth


With a presence in over 170 countries and boasting 300,000 monthly active users, Skyplay has already achieved significant reach. But its plans don't stop there. Skyplay has set an ambitious goal to secure over 10 million users by the end of 2024. Part of this plan includes the development of an AI avatar designed to serve as a metaverse platform, connecting cities, humans, and the future to provide new experiences and business models.


LDA Capital's Investment: A Strategic Move


The recent $10 million investment by LDA Capital Limited is a significant vote of confidence in Skyplay's future. Anthony Romano, Managing Partner at LDA Capital Ltd, expressed his enthusiasm for the partnership, noting Skyplay's expansive ecosystem, its diverse offerings, and the forum-oriented community the platform has built. These elements, coupled with Skyplay's multifaceted approach to entertainment, make it a compelling platform in the Play to Earn (P2E) space.


LDA Capital's investment can be seen as a wise decision due to several reasons. First, the investment taps into the booming NFT and blockchain gaming market, a sector that has shown immense growth and potential. Second, Skyplay's user-friendly platform, wide-ranging offerings, and ambitious expansion plans make it a promising venture in the digital space.


Skyplay's emphasis on community engagement, diverse NFT support, and an integrated gaming environment provides it with a competitive edge in the blockchain and NFT market. The comprehensive financial services, including a decentralized exchange and a lending platform, further augment Skyplay's appeal as a robust and forward-thinking platform.


Final Thoughts


The investment from LDA Capital Limited is set to accelerate Skyplay's growth, helping the platform bring more games to its user base and extend its virtual playground. As blockchain and NFTs continue to push the boundaries of digital ownership and online gaming, platforms like Skyplay, with their comprehensive approach and innovative solutions, are poised to lead the charge. All these factors, combined with Skyplay's ambitious growth plans, make it clear why LDA Capital's investment is not just a wise decision, but potentially a game-changing one.


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