Web3 collectible project Capybobo completes $8 million financing, led by Pluto Vision Labs

ChainCatcher reported that the Web3 trendy toy project Capybobo has announced the completion of an $8 million funding round, led by Pluto Vision Labs, an institution supported by YZi Labs, which previously developed CatizenAI with 63 million players. This round of financing also saw participation from several well-known institutions, including Folius Ventures, Animoca Brands, HashKey Capital, and Mirana Ventures.

Capybobo stated that the funds will be used to accelerate the development of its online doll clothing (PYBOBO Outfits) products, the construction of a global trendy toy trading platform, and brand promotion in the European and Asian markets. Capybobo is a GameFi project within the TON and Kaia ecosystems, focusing on bringing global trendy toy art culture into Web3 and creating a trendy toy IP that merges virtual and real worlds.