• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TWS, Singapore (July 28-29, 2025)
    • WFIS, Philippines (September 23-24, 2025)
    • Forex Expo Dubai (October 6-7, 2025)
    • Merge Madrid (October 7-9, 2025)
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
    • Blockchain Futurist Conference, Florida (November 5-6, 2025)
    • WFIS, Indonesia (November 25-26, 2025)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

KuCoin Labs Incubates and Invests in PlayZap Games, a Web-3 Gaming Platform, to Further Advance the Development of GameFi

August 4, 2022 By Business Wire

VICTORIA, Seychelles--(BUSINESS WIRE)--On August 04, 2022, KuCoin Labs, the incubator and investment arm of the KuCoin ecosystem, announced that it led the seed round investment in PlayZap Games, a Singapore-based Web-3 Gaming platform. Other investors that had joined the round included Arcanum Capital, Oddiyanna Ventures & Prime Block Ventures.



PlayZap Games is a Play-to-Earn (P2E) community-driven gaming platform tailored for the mainstream player base, aiming to bring skill-based multiplayer competitive games that are fun, engaging, easy to learn, and hard to master. The entire platform is supported by a fungible token economy, NFTs and blockchain wallet technology, with all the live operations and publishing capabilities of the Web-3 market. PlayZap will release the first iteration of their app with over 10 of their competitive casual games on the App Store, GooglePlay, and web desktop platforms.

The seed round investment will primarily be used for the subsequent development of the gaming platform, the mobile and desktop version, for the expansion of new game IPs, new partner onboardings, and to stimulate broader marketing reach, as well as expand the project’s impact in the GameFi ecosystem.

“KuCoin Labs believes that gaming will be the gateway to crypto mass adoption. PlayZap has provided a good opportunity for traditional Web-2.0 players to transition to crypto gaming easily with a focus on leisure. The team has solid experience in Web-2.0 gaming with strong track records, which can be leveraged to power up the PlayZap’s ecosystem.” Said Lou Yu, the head of KuCoin Labs.

Regarding the incubation, KuCoin Labs will provide support to PlayZap Games in various aspects, including, but not limited to, marketing/PR/Community, business planning and partnership.

ABOUT KUCOIN

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform focused on inclusiveness and community action reach, it offers over 700 digital assets. Currently, it provides Spot trading, Margin trading, P2P fiat trading, Futures trading, staking, and lending to its 20 million users in 207 countries and regions.

In 2022, KuCoin raised over $150 million in investments through a pre-Series B Round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges, according to CoinMarketCap. In 2021 Forbes named KuCoin one of the Best Crypto Exchanges. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. To find out more, visit https://www.kucoin.com.

ABOUT KUCOIN LABS

Since its launch in May 2018, the KuCoin investment and incubation program has brought together a group of crypto experts for in-depth market research, analysis, investment, and incubation in the crypto industry. KuCoin Labs has diversified investments into early-stage projects to help project owners achieve sustainable growth and success in the decentralized world.

ABOUT PLAYZAP

PlayZap is a Play-to-Earn community-driven gaming platform, where players can compete on proven and highly engaging skill-based competitive games and win native crypto tokens.

PlayZap is a 360-degree gamified Defi NFT ecosystem aimed at bridging the gap between blockchain gaming and the mainstream market while connecting players directly with their favorite games. PlayZap offers a complete suite of products with its own marketplace, metaverse, wallet, and infrastructural support, giving direct support of the P2E ecosystem, bringing it closer to the quality levels achieved by established IPs.

PlayZap’s vision is to bring skill-based competitive gaming to mainstream players by offering a secure environment, digital ownership, and a fun gaming experience.

For more information, visit: https://www.playzap.games/

For more update and announcements Twitter, Telegram Announcement, Telegram Group, Discord, Linkedin


Contacts

Emma Haul
media@kucoin.com

Filed Under: News Feed

Primary Sidebar

Follow Us

Press Releases

MetaWealth becomes first RWA investment platform to distribute 1 million USD to token holders

July 3, 2025

DFINITY Foundation Launches Niobium Milestone, Bringing New Levels of Privacy with vetKeys Technology on the Internet Computer

July 3, 2025

Crypto’s Biggest Ecosystems are Scaling with Cosmos: Sovereign EVM Day Recap

July 3, 2025

SquareX Reveals that Employees are No Longer the Weakest Link, Browser AI Agents Are

July 3, 2025

High-Value Investors Shift From Cardano (ADA), Solana (SOL) to Little Pepe (LILPEPE) as Top Analyst Predicts 18,700% Rally

July 2, 2025

TWS Conference

Forex Expo Dubai

Merge Madrid

Futurist Conference

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter