Moonbeam On-Chain GameFi Protocol Ignite Tournaments Closed $3 Million Seed Funding Round

TokenInsight news, Moonbeam on-chain GameFi protocol Ignite Tournaments closed a $3 million seed round led by Yield Guild Games and Ascensive Assets, with participation from Arca, Mechanism Capital, SkyVision Capital, and others. The funds raised will be used to develop its mobile application. Ignite Tournaments is an eSports organization and streaming platform that allows users to earn rewards (tokens $TENKA or NFT) for playing and winning games, and to cash in or pledge rewards for passive income.