# Cosmic Guild

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cosmic-guild

- Industry: Software
- Headquarters: Hong Kong SAR - China
- Website: www.cosmicguild.io
- Total disclosed funding: $1.5M
- Latest round: Seed (Dec 23, 2021)
- Investors on record: 4

## About

Based in Hong Kong, and founded in 2021 by Kenneth Lee, Cosmic Guild is a group of gamers, empowering members to maximize their potential by connecting NFT capital with skilled crypto gamers. In December 2021, Cosmic Guild raised USD 1.5 million in seed funding led by Binance Labs, with the participation from other DeFiance Capital, Alameda Research/Analysis, and Play Ventures.

Cosmic Guild provides a play-to-earn fantasy crypto gaming ecosystem, where users can create, share, and monetize NFTs (non-fungible tokens) and other gaming experiences. The company offers two tokens, Magic and Cosmic within its gaming ecosystems. Cosmic tokens are HRC-20 tokens used as utility or rewards tokens. Magic tokens are also HRC-20 tokens that are primarily yield farming and governance tokens. In addition, Cosmic Guild offers a gateway platform for gamers and NFT-owners that allows users to meet others as well as generate capital.

Cosmic Guild generates revenue from the sale of its products and services, and subscription of its services that are billed in advance.

Cosmic Guild plans to use its proceeds from December 2021 funding to spend money on yield-generating digital sports property, search for extra video games, and develop the scholarship program.

## Funding rounds

- Seed, Dec 23, 2021, $1.5M — YZi Labs, Play Ventures, Alameda Research, DeFiance Capital

## Investors

- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Seed
- Play Ventures (https://capitalatlas.ai/funds/play-ventures) — Seed
- Alameda Research — Seed
- DeFiance Capital — Seed