Share this article
Susquehanna Leads $10M Funding in Metaverse Platform StarryNift
The pre-Series A funding round included Binance Labs, Alameda and other crypto-centric investment teams.
Updated May 11, 2023, 6:55 p.m. Published May 10, 2022, 9:39 a.m.
Metaverse co-creation platform StarryNift raised $10 million in a funding round led by Susquehanna International Group, the firms said in an emailed announcement.
Other investors in the pre-Series A round included Binance Labs, BSC Fund, Alameda Research and GBV Capital. Susquehanna is one of the earliest and largest investors of ByteDance, the Chinese parent of TikTok.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
StarryNift allows players and commercial users to create, auction, trade and play with unique non-fungible tokens (NFTs). Alongside items that can be used digitally, players can also customize their avatars and farm rewards from participating in and contributing to the development of the project.
“The uniqueness and irreplaceability nature of NFTs enables digital content to become assets, and the game is one of the most compatible digital content with NFTs,” explained Lv Nan, an investment manager at Susquehanna who has joined StarryNift's board of directors. “Game tokens, equipment and pets can be digitized and created as a digital currency.
“With the fusion of NFTs into games, players continuously earn rewards and become more involved, making NFT games more engaging and sustainable,” he said.
StarryNift will be holding its Anniversary Carnival later this month with the launch of a metaverse called Starryverse, a marketplace, a spaceship expedition game and other features.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Robinhood leaning into advanced traders as crypto volatility reshapes user behavior
The trading platform is increasingly catering to advanced crypto traders with tools tailored to active, tax-aware users, its head of crypto said.
What to know:
- Robinhood is increasingly targeting advanced crypto traders with new features like tax-lot selection and deeper liquidity access.
- The platform, once known for attracting beginners, is seeing more experienced users shift from rivals like Coinbase.
Top Stories
