August 2024 – The acclaimed casual game SnakeLite has successfully completed a multi-million dollar funding round, laying a solid foundation for its entry into the Web3 gaming space. This significant investment marks the evolution of SnakeLite from a top mobile app to an innovative Web3 project, opening a new chapter in its gaming universe.
Backed by top investment firms
This funding round was supported by several leading investment institutions and strategic partners. Notable participants include Ace Redpoint Ventures, One Piece Labs, Mirana Ventures, Sky9 Capital, Fenbushi US, NGC, Antalpha Ventures, Gate Labs, KuCoin Ventures, Huobi Ventures, CyberConnect, Alchemy Pay, Redline Labs, Cobo Ventures, SNZ Holding, ViaBTC Capital, and others.
A history of success and innovation
Since its release, SnakeLite has achieved remarkable success on Google Play, consistently ranking in the top 10 Best Apps and Games from 2022 to 2024 and frequently appearing in the top 10 overseas game charts. In 2022, the game surpassed 100 million downloads, with a stable daily active user base of around 8 million. With its simple and engaging gameplay, SnakeLite has successfully attracted millions of players.
Easy and fun Web3 mining mode
Building on its strong Web2 achievements, SnakeLite has officially entered Web3 space, debuting the first battle royale PvP on the TON blockchain. The game features a mining mode integrated with Telegram, as well as casual PvE and PvP modes, allowing players to earn tokens easily through straightforward gameplay interactions.
- Compared to the often complex mechanics of traditional GameFi projects, SnakeLite’s mining mode offers a streamlined, user-friendly experience that appeals to both casual gamers and Web3 enthusiasts alike.
As of late August, SnakeLite has surpassed 1 million Telegram users, showcasing its rapid community growth and expansion potential.
New features and continuous innovation
This funding will support the development and integration of new features, including a custom skin system, team play, and a Snake cultivation system. The game currently supports multiple chains such as TON, Solana, Ethereum, BNB Chain, and Sonic, with plans to prioritize Full on-chain game development in the next version. Additionally, the team is advancing an API designed for third-party integration, along with a web app that is in the final phase of development. Weekly updates bring new tasks and collaborations across platforms, further enhancing the content and interactive experience.
Investor recognition and outlook
A new chapter in Web3 gaming
SnakeLite's transition to Web3 is not just a technological innovation but also a strategic market expansion. As a blockchain-based game, SnakeLite offers players a simple, engaging way to earn rewards while exploring the Web3 metaverse.Its unique mining mode and strong community interaction position it as a key player in the future of GameFi.
Join the adventure
Stay connected with SnakeLite and be part of the Web3 gaming revolution. Follow us on Twitter and join our journey (Telegram Miniapp / Telegram community) to explore more exciting content.