Ignite Tournaments Raises $10M For Building Play-To-Earn, Mobile Esports Tournament And Broadcasting Platform

Ignite Tournaments has raised $10 million in funding from key investors to develop the world’s first mobile play-to-earn (P2E) esports tournament and broadcasting platform. A $3 million seed round headed by Yield Guild Games and Ascensive Assets, with participation from Mechanism Capital, Arca Funds, Skyvision Capital, and several funds and angel investors, was completed in December 2021, resulting in a total of $10 million raised. Animoca Brands, Infinity Ventures Crypto, and Moon Holdings Fund led a $7 million strategic round in February 2022. These new investors have decades of expertise in both conventional and blockchain gaming.

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