10n8 Little Dragon Raises $1.5 Million in 72-Hour Fundraise – Decrypt

10n8 Little Dragon Raises $1.5 Million in 72-Hour Fundraise – Decrypt

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Gamified Bitcoin accelerator 10n8 Little Dragon has raised $1.5 million in a fundraising round that lasted 72 hours.

Among the 50 investors and VC firms contributing to the round were Centauri Digital Asset Group, Mirai DAO, New Tribe Capital, 3M Capital, Ivan on Tech, SeedThrift Ventures, Boxmining, Spicy Capital and Satoshi Stacker.

Created with the goal of accelerating APAC projects and introducing them to English-speaking markets, 10n8 Little Dragon enables users to stake, play and earn across different pools and games.

The “viral utility token” project leverages the BRC-20 standard, an Ordinals protocol that lets users mint and transfer tokens via the Bitcoin blockchain. The project aims to “demystify and popularize this technology” and bring it to a wider audience.

10n8 Little Dragon’s ecosystem includes Dragon Pools, which offer staking-based yield in selected BRC-20 projects’ tokens, alongside Gamified Pools, which enable users to stake and receive yield in Bitcoin.

On-chain Inscriptions Is The New Paradigm 🧧🧡

The Ordinals protocol introduced the concept of Bitcoin Inscription, enabling the engraving of content onto satoshis (the smallest units of Bitcoin).

Ordinals are possible on Bitcoin because of two upgrades – SegWit (2017) and… pic.twitter.com/ATAFMXxoQY

— 10n8 BRC-20 (@10n8BRC20) January 11, 2024

Gamification is key to 10n8 Little Dragon’s ecosystem, which is launching with a Mini-Dragon Staking game, while participants in the Dragon Pool also gain access to the Red Envelope Hunter BRC-20 game.

Based on the traditional Chinese New Year custom of giving red envelopes, the Red Envelope Hunter game sees players competing for rewards—including the top prize of a Red Envelope containing Bitcoin.

The game’s microtransaction system integrates BRC-20 tokens for native value transfers and reward mechanisms, with tokens including Toshipad (TSHX), Little Dragon (10n8), and others.

The project’s future roadmap includes additional Dragon Pools featuring alternative DeFi mechanisms, along with the development of an in-game Dragon Ordinals collection and a Unity-based metaverse game that will “expand on the original lore” of Little Dragon.

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