AIGC chain game Gabby World completed a $2 million financing with a valuation of $20 million, with participation from SevenX Ventures and others

according to official sources, the community co-created AIGC game Gabby World announced the completion of a $2 million financing at a valuation of $20 million. This round of financing was participated by 13 institutions including SevenX Ventures, OnePiece Labs, Everest Ventures Group, Huofeng Capital, Zonff Partners, as well as 8 angel investors including former partners from Republic, former partners from Hashed, and partners from Gam3Girl Ventures.

Gabby World is a community co-created AIGC Dungeons and Dragons game and is the first VC token to be issued at a meme-like ultra-low market cap through a "fair release" token economy, aiming to explore a new paradigm for VC token issuance that counters "low circulation high FDV" and time-locked releases.

The token GABBY was quietly issued at a market cap of $10,000 on Solana's DEX at the end of October, and in the past few weeks, it has successfully validated the on-demand release and buyback destruction advocated by the "fair release" token economic model.