Gaming Startup Lava Labs Closed $10 Million Series A Funding Round with Dragonfly Capital and Others

Gaming startup Lava Labs has closed a $10 million Series A round led by Swiss investment firm Dialectic, with participation from Dragonfly Capital, Merit Circle, DeFiance Capital, Animoca Brands and others. It is now reportedly valued at over $100 million. The funds raised will be used to develop its first game. In addition, Lava Labs plans to conduct a virtual land sale in the form of NFT, which will sell 10,000 plots of land to its community.