Susquehanna Leads $10M Funding in Metaverse Platform StarryNift

The pre-Series A funding round included Binance Labs, Alameda and other crypto-centric investment teams.

AccessTimeIconMay 10, 2022 at 9:39 a.m. UTC
Updated May 11, 2023 at 6:55 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Metaverse co-creation platform StarryNift raised $10 million in a funding round led by Susquehanna International Group, the firms said in an emailed announcement.

Other investors in the pre-Series A round included Binance Labs, BSC Fund, Alameda Research and GBV Capital. Susquehanna is one of the earliest and largest investors of ByteDance, the Chinese parent of TikTok.

StarryNift allows players and commercial users to create, auction, trade and play with unique non-fungible tokens (NFTs). Alongside items that can be used digitally, players can also customize their avatars and farm rewards from participating in and contributing to the development of the project.

“The uniqueness and irreplaceability nature of NFTs enables digital content to become assets, and the game is one of the most compatible digital content with NFTs,” explained Lv Nan, an investment manager at Susquehanna who has joined StarryNift's board of directors. “Game tokens, equipment and pets can be digitized and created as a digital currency.

“With the fusion of NFTs into games, players continuously earn rewards and become more involved, making NFT games more engaging and sustainable,” he said.

StarryNift will be holding its Anniversary Carnival later this month with the launch of a metaverse called Starryverse, a marketplace, a spaceship expedition game and other features.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Shaurya Malwa

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about