Play It Ahead DAO (PIF DAO) has kicked off 2022 by saying it has raised $6 million from non-public buyers, solely six months after launching.

The DAO features a guild of over 40,000 gamers and three,000 students throughout the Philippines and Indonesia, all of that are managed through a play-to-earn (P2E) scholar administration program.

At present, the DAO has gamers throughout a number of notable Metaverse P2E video games, together with Axie Infinity, Thetan Enviornment, Pegaxy, and Dragonary.

Co-founder Cholo Maputol instructed Cointelegraph that the funds will probably be used to scale the DAO’s scholarship packages, scale up its P2E board platform, and finance some early-stage investments in P2E video games and infrastructure tasks.

“PIF DAO’s goal is to not take a bigger piece of the pie, however to develop the pie and enhance rewards for gamers.”

In a Jan. 2 announcement, the DAO said that the fundraising spherical represents its subsequent section of “constructing a platform that may rework Play-to-Earn right into a Plug-and-Play expertise for extra guilds and gamers globally.”

Maputol defined to Cointelegraph that P2E gaming will be inaccessible to many gamers as a result of it requires a variety of technical know-how to get began similar to organising a pockets and buying tokens.

“We need to construct an ecosystem that abstracts all that away so any supervisor or participant can get began in play-to-earn seamlessly (plug-and-play).”

Main buyers who signed as much as the desk included Signum Capital, which has additionally backed different notable tasks together with Polkadot and Ren.

Different companions who signed up included Kyber Ventures, UOB Enterprise Administration, Bounce Capital, GBV, LD Capital, Nice South Gate, Octava, 975 Capital, Arcane Group, Tokocrypto, AU21, Double Peak Group, College Group, NxGen, DWeb3 Capital, GSR, SL2 Capital, and Mintable.

Play-to-earn video games are ushering within the subsequent technology of platforms

Kyber founder Loi Luu said that they’d “confidently invested in PIF due to their distinctive guild gaming system, which might drive worth to the Play-to-Earn economic system as a complete,” earlier than including:

“We consider the P2E motion will proceed sturdy, and onboard tens of hundreds of thousands of recent customers to the Metaverse.”

PIF DAO was beforehand often called Railings College, earlier than altering its title in December 2021.