According to official news, Gabby World announced that it has completed a $2 million financing with a valuation of $20 million. Investors include 13 institutions including SevenX Ventures, OnePiece Labs, Everest Ventures Group, Phoenix Capital, Zonff Partners, and 8 angels including former partners of Republic, Hashed, and Gam3Girl Ventures.
It is reported that Gabby World is an AIGC Dungeons and Dragons game co-created by the community, and through the "fair release" token economy, it realizes the issuance of VC coins with ultra-low market value like meme, aiming to explore a new paradigm of VC coin issuance that is against "low circulation and high FDV" and anti-time unlocking. The token GABBY was issued on Solana's DEX at a market value of $10,000 at the end of October, and has successfully verified the on-demand release and repurchase destruction advocated by the "fair release" token economic model in the past few weeks.