Handy Labs, a blockchain-based game company, announced that the team has attracted investment from HG Ventures, IOST, and Mindfulness Capital. Handy Labs is a blockchain-based game company that launched a prediction game application called ‘HandyPick’ in January 2021 which has successfully gained more than 3.5 million users from 197 countries. Handy Labs develops and manages a P2E game called ‘King of Planets’ launched on April 18th after NFT minting and revealing on April 8th.
King of Planets is a P2E (Play-to-Earn) game with NFT, DeFi 2.0, and GameFi, that users can enjoy various content such as NFT Farming, Battle Arena, Boss Raid, etc. with an NFT game character ‘Alien’. Users can also use the Bonding and Staking service with the KOP token, a utility token in the game. King of Planets pursues P&E (Play-and-Earn) which the rewards follow naturally when playing games rather than P2E where users are playing games to earn rewards. It has sold all 5,000 Mystery Egg NFTs in roughly 3 minutes and 50 seconds despite a bearish market condition that many Klaytn-based NFT projects underwent.
Backed by major financial and VC firms such as Sequoia, Matrix, and ZhenFund, IOST is a pioneering decentralized, high-throughput, gas-efficient, smart contract platform. IOST token is listed on most of the major exchanges, including Binance, Upbit, Bithumb, OKX, Huobi, KuCoin, Gate.io, OKCoin Japan, Coincheck, the latested addition Bitpoint Japan and many more.
HG Ventures is a prestigious crypto VC based in Korea and has invested in many top-tier projects such as Alien Worlds, GameFi, Division Network, Klaycity, Klaydice, and many more. HG Ventures is well-known for its high ROI and was nominated as top 5 crypto VCs in terms of ROI in 2021 Q4.
Mindfulness is a private equity firm, focused on crypto company. It has invested in many blockchain projects such as the Sandbox, BTC.com, Bitmain, etc., and is a non-executive director and shareholder of Animoca Brands.
Jason Kim, the CEO of Handy Labs, said “I’m so glad to announce good news after King of Planet’s official launch. The investment from HG Ventures, IOST, and Mindfulness capital means King of Planets and Handy Games platform has a lot of potential to grow more. Handy Labs will focus on King of Planets’ additional contents to make the best Play & Earn game and will make ‘Handy Games’ a blockchain game platform everyone can enjoy easily.”