The community-owned crypto casino plans to use the money to bolster its team as well as accelerate its product development and marketing efforts to acquire new users.
Collab+Currency, Metaverse Ventures (Digital Currency Group), Bitscale Capital, Cluster Capital and AU21 Capital all contributed to the funding.
The funding round after a rapid period of expansion, in which it has added three virtual casinos, an NFT store, and is about to add a virtual nightclub space.
Digital Currency Group VP of development Casey Taylor said: “Decentral Games offers players both the novelty of avatars gambling in a virtual world and the great user experience that gamers demand.”
The project also has plans to add new casino table games, including crypto poker, tournament style poker, and a fresh slots game.
Decentral Games co-founder and CEO Miles Anthony said community engagement had always been the company’s top priority.
“Decentral Games’ community-first focus has flipped this dynamic effectively creating alignment between investors and players by allowing everyone the opportunity to ‘be the house’”, he added.
“We are thrilled to welcome our new partners to fortify our capital position and provide our team with the flexibility to continue to focus on community- driven initiatives while scaling our capabilities in order to bring more complex games and events to market.”