Alphabit Takes Lead in MegaFans Seed Round with Launchpool Labs

MegaFans Ltd, a mobile esports marketing company, headquartered in Tortola, Virgin Islands (British), announced that they have closed their first pre-seed and seed rounds for $500K USD successfully, with Launchpool Labs’ first cohort incubator program. The seed round was led by Alphabit and included participation from Launchpool Labs participants.

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MegaFans Ltd joined the Launchpool Labs incubator program in September and is receiving strategic and technical support to help grow their global gaming community. Launchpool Labs’ incubator is a 90-day intensive development program focused on building communities and value around startups in the blockchain sector.

Launchpool CEO Richard Simpson says, “Megafans’ offering of ‘free to play’ and ‘play to earn’ are highly sought after project attributes by our community. It is of no surprise to me the seed raise was a huge success and heavily oversubscribed. Everyone is very excited to see Megafans grow and go from strength to strength.”

MegaFans Ltd previously announced that they distributed the world’s first NFTs (non-fungible tokens), as prizes to players, from a mobile eSports platform.  Megafans offers free-to-play and play-to-earn options ranging from quick-play contests to monthly tournaments with larger prize pools up to $10,000 (USD) per month. The pools scale up as community participation grows and players win virtual tokens that can be exchanged for other cryptocurrencies, NFTs, gift cards or cash. MegaFans also uses a leaderboard format that features multiple tournaments simultaneously, to an infinite number of players globally, no matter what skill level or geo-location.

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