Share this article
Lemniscap, Jump Crypto Lead $4M Bet on GameFi Firm metaENGINE
The metaverse publishing platform is looking to attract developers with a slate of Web 3 gaming tools.
By Cam Thompson
Updated May 11, 2023, 7:14 p.m. Published Mar 4, 2022, 1:30 a.m.
Web 3 gaming platform metaENGINE said Friday it has raised $4 million in seed funding in a round co-led by Lemniscap and Jump Crypto.
CEO and co-founder Alex Shalash told CoinDesk in an interview that metaENGINE is using the funding to become “the core of future metaverse experiences.”
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The idea is metaENGINE will be a platform that helps GameFi developers enter the space through tools that can build gaming experiences in the metaverse.
“GameFi is how to push the ownership of games and game assets down to the players so they become the future owners of the IP itself,” Shalash said.
Polygon Studios, Insignius Capital, Future Fund, CoinDCX Ventures, Efficient Frontier and others participated in the funding round.
Shalahs said metaENGINE is built on the Polygon Network because of its efficiency and low gas fees. He said the firm has a long-term goal of offering multi-chain solutions across other prominent networks.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase rolls out stock trading, prediction markets and more in bid to become the ‘Everything Exchange’
Coinbase is dramatically expanding the assets available to trade on its platform, including novel cryptocurrencies, perpetual futures, stocks and prediction markets, starting with Kalshi.
What to know:
- Coinbase is expanding offerings on its platform, introducing hundreds of top stocks based on market cap, trading volume, etc, with plans to add thousands of additional stocks and ETFs over the coming months.
- Coinbase users will also be able to trade on the outcomes of real-world events like elections, sports, collectibles, and economic indicators, starting with Kalshi and more to be integrated over time.
- A new AI-driven wealth management advisory service has been introduced, as well as Coinbase Business to help startups and small businesses incorporate crypto.
Top Stories
