Power Protocol, a London-based Web3 gaming ecosystem, has successfully secured a $3 million investment from the prominent venture capital firm, BITKRAFT Ventures. This latest funding round elevates the company's total capital raised to $15.5 million, reinforcing its mission to build a shared infrastructure for games. Developed by Pixion Games, the protocol aims to connect multiple titles, studios, and players through a unified economic and progression system.
A New Model for Web3 Gaming
Power Protocol is engineered to overcome the limitations of single-game economies by creating a scalable system for multiple titles. Its infrastructure supports multi-game interoperability, shared progression, and on-chain asset tracking, all powered by the native $POWER token. This model provides a cohesive experience for players and a robust foundation for developers joining the ecosystem.
BITKRAFT's investment is strategically targeted at enhancing this protocol layer to attract third-party game studios. The goal is to enable developers to integrate their games into the $POWER ecosystem and leverage its shared infrastructure. This approach eliminates the need for studios to build standalone token utilities, fostering a more interconnected and sustainable gaming network.
Fableborne: The Ecosystem's Anchor
The ecosystem is anchored by Fableborne, a mobile-first action role-playing game developed by Pixion Games. Currently in a global open beta, the game blends fast-paced ARPG combat with strategic base-building elements. This hybrid gameplay is designed to appeal to both competitive players and those who enjoy progression-based experiences.
Early performance data for Fableborne indicates significant market traction and player interest ahead of a full launch. The game has already attracted over 400,000 players across its open playtests, with a previous beta phase reaching a peak of 108,000 daily active users. Furthermore, it generated an impressive $21.5 million in NFT presale revenue before the token listing.
Strategic Investment in a Selective Market
Justin Swart, a principal at BITKRAFT Ventures, highlighted the project's exceptional potential and early success. He noted that Fableborne's beta has achieved performance levels rarely seen in early-stage mobile gaming. Swart believes the game is positioned to reach mainstream audiences by combining strong mechanics with optional on-chain features that improve the experience.
The team at Power Protocol expressed gratitude for the backing, emphasizing its significance in the current selective capital environment for Web3 and gaming. They view BITKRAFT's support as a meaningful endorsement of their vision to build an ecosystem focused on long-term potential. This investment provides the confidence to continue developing thoughtfully for players and partners.
Future Development and Market Performance
The new funding will be instrumental in accelerating product and ecosystem development for Power Protocol. Key initiatives include expanding game content, designing new competitive seasons, and implementing deeper progression systems. These efforts are aimed at enhancing gameplay loops and further integrating the $POWER economy across the platform.
Defying the broader crypto bear market, the native $POWER token has demonstrated remarkable strength since its launch in December. The token is currently trading near its all-time high, supported by a daily trading volume of $34 million. This positive market performance signals growing confidence from both the community and investors in the protocol's long-term viability.
The $3 million investment from BITKRAFT Ventures marks a pivotal moment for Power Protocol, providing more than just capital. It serves as a powerful validation of its ecosystem-centric strategy in a competitive and discerning market. With the proven traction of Fableborne and the strong performance of its native token, Power Protocol is poised to advance its vision of creating a more unified and engaging Web3 gaming landscape.