According to Golden Finance, multi-engine Web3 gaming platform PlaysOut announced that it had completed a $700 seed round financing, led by Kenetic Capital, KBW Ventures, etc., and Gam3Girl Ventures, Oak Grove Ventures, Aptos, Yugana Labs, Sentor Investments, Longling Capital, etc., with a valuation of US$70 million. The new funding is intended to push it to bridge the gap between Web2 and Web3, allowing developers to unlock monetization models by building assets on-chain and exploring token-based incentives, NFT integration and blockchain-driven economies.