Ex Populus Raises $8.5M Amid Fears Web 3 Gaming Is Growing Frothy

Posted on by American Coins & Gold

Ex Populus Raises .5M Amid Fears Web 3 Gaming Is Growing Frothy
Blockchain gaming projects like Illuvium have reached remarkable valuations in the tens of billions in recent weeks, despite sometimes featuring highly stripped-down or no currently playable games.It’s an environment in which Ethereum- and Solana-based gaming studio Ex Populus is attempting to find its footing, one that co-founder Soban “Soby” Saqib calls a “predatory” investment landscape built on hype.The project announced Tuesday an $8.5 million funding round, part of a push to bring different player earnings models to blockchain gaming – and a more down-to-earth valuation, currently at $80 million.The company closed the round with participation from Akatsuki Inc, Gerstenbrot Capital,…