Saakuru Labs, a trailblazer in blockchain technology, has successfully raised $2.4 million in an oversubscribed private funding round. The capital will be instrumental in amplifying the adoption of the Saakuru Protocol, a groundbreaking Layer 2 (L2) solution that has gained significant traction in the GameFi sector.
The Saakuru Protocol has distinguished itself through its innovative approach to blockchain scalability and efficiency. With over 430,000 wallets holding assets on its mainnet and a daily transaction volume exceeding 200,000, Saakuru ranks as the fourth most active L2 solution in the blockchain ecosystem. This level of activity not only highlights the protocol’s rising significance but also underscores the growing trust in its stability and performance among users.
Expanding Ecosystem and Project Launches
The coming year promises substantial growth for the Saakuru ecosystem, with over 40 projects scheduled to launch in 2024. Among the most anticipated is PlayGround, the flagship gaming platform developed by Worlds Beyond. The gaming landscape will also be enriched by titles like Crypto Run by Made by Apes and Soccer Sage, a soccer betting game set to engage fans globally. Worlds Beyond, a major player in the gaming industry and a participant in this funding round, plans to launch three additional games later this year, further enhancing the Saakuru Protocol’s ecosystem.
Leading the funding round are Based VC and ARC Community, showcasing robust confidence in Saakuru Labs’ vision and the technical capabilities of the Saakuru Protocol. The funding consortium also includes prominent investors from the blockchain ecosystem such as Kyber Network, PG Capital, Wizard Capital, Decubate Ventures, and more.
Several high-profile angel investors have also joined the funding round, including Gorkem Bereket of Mezo, blockchain educator Ivan on Tech, esports figure Marcus “Revenant” Tan, and many others. Their involvement brings not only financial support but also a wealth of knowledge, connections, and expertise to Saakuru Labs, contributing significantly to its growth and expansion.
Saakuru Protocol: A Developer-Friendly L2 Solution
Saakuru is a consumer-centric L2 Protocol with Zero Transaction Fees, complemented by the Saakuru Developer Suite. This suite enables developers to embed complex digital products into Web3 within a day, providing cost-efficient and seamless connectivity from Web2 to Web3. With its ultra-fast block time, Saakuru allows developers to run on-chain applications like MMORPG games, delivering an authentic multiplayer experience. Moreover, the protocol enhances user experience by eliminating gas fees, making it particularly user-friendly for newcomers to Web3.
The primary objective behind this funding round is to expand the adoption of the Saakuru Protocol and establish a solid foundation for its future development. By engaging a diverse group of stakeholders—from institutional investors to industry influencers—Saakuru Labs aims to nurture a vibrant and robust ecosystem around its protocol.
This community-driven approach reflects the company’s commitment to innovation, inclusivity, and collaboration in the dynamic world of blockchain technology. With the support of its investors and the growing momentum behind the Saakuru Protocol, Saakuru Labs is well-positioned to reshape the future of DeFi and blockchain scalability, driving further innovation and growth in the blockchain ecosystem.
