Blockchain gamification platform DeFi Land has secured $4.1m in fresh funding as the company seeks to launch a new DeFi game on Solana.
This underpins the economy that has been built around the SOL ecosystem.
Over 40 investors turned up to invest in DeFi Land's latest project, with Gate.io, Animoca Brands and Jump Capital among some of the principal investors.
DeFi Land is not purely focused on building games, but rather seeks to establish gamification in various aspects of the blockchain experience.
DeFi Land is best known for its forays into the play-to-earn model which has soared in popularity around games such as Axie Infinity.
According to Alameda Research senior executive Brian Lee, decentralized finance and games are currently the most interesting developments in crypto space.
The gamification aspect of DeFi give casual consumers a better incentive to enter the space and seek a better understanding of it.
Conversely, demand for DeFi protocols is quickly growing as more institutions are keen to explore its full potential, putting DeFi Land in a perfect position to benefit from both investors and gamers.
Institutions already accounted for more than 60% of all DeFi transactions between April and June, based on research by Chainalysis. As DeFi Land continues to gather momentum, so does the adoption of blockchain gaming.