Capybobo has completed an $8 million strategic investment, with Pluto&Folius leading the round and well-known institutions such as Mirana, Hashkey, and Animoca participating.

BlockBeats News, October 30, according to official sources, Web3 NFT project Capybobo announced today that it has completed an $8 million financing round. The round was led by Pluto&Folius, with participation from Animoca Brands, HashKey Capital, and Mirana Ventures.

The lead investor, Pluto Studio, is a Web3 game distribution platform backed by YZi Labs, specializing in Web3.0 game distribution. Its flagship project, Catizen, has been the number one revenue-generating game platform on the Telegram miniapp since its launch in March 2024, with over 63 million players on the Telegram and LINE platforms.

Capybobo is a GameFi project in the TON and Kaia ecosystems, focusing on the creation of NFT products around trendy toy IPs, aiming to attract Web2 toy enthusiasts worldwide to Web3. According to previous reports, Capybobo first showcased its co-branded toy apparel at the Tokyo WebX Expo in August 2024, receiving enthusiastic feedback on-site.

This funding round will be used to accelerate the development of Capybobo's online toy apparel products and the establishment of a global toy trading platform, as well as for brand promotion in the European and Asian markets. The team stated that they will continue to focus on building trendy toy IPs and plan to open their first flagship store in Hong Kong in 2026.