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The gaming DAO has a guild of over 40,000 gamers and 3,000 academics in Indonesia and the Philippines.

Play It Forward DAO (PIF DAO) has raised $6 million from private investors barely six months after its establishment.

The DAO has over 40,000 gamers and 3,000 students spread across the Philippines and Indonesia, all managed using a play-to-earn (P2E) scholar management structure.

DAO members are currently found in Axie Infinity, Thetan Arena, Pegaxy, and Dragonary, among other well-known Metaverse P2E games.

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The proceeds will be used to grow the DAO’s scholarship programs, expand its P2E board platform, and support select early-stage investments in P2E games and infrastructure projects, according to co-founder Cholo Maputol.

“The purpose of PIF DAO is to enlarge the pie and improve user advantages, not to take a bigger portion of it,” Cholo explained.

The DAO announced the investment round on January 2, stating that it is “developing a platform that will transform Play-to-Earn into a Plug-and-Play experience for more guilds and players globally.”

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According to Maputol, P2E gaming is inaccessible to many gamers since it requires a lot of technical know-how to get started, like setting up a wallet and purchasing tokens. “We want to build an ecosystem that abstracts all of that away, so that any manager or player can go right into play-to-earn (plug-and-play) without any effort,” Chollo continued.

Signum Capital, which has previously invested in well-known initiatives such as Polkadot and Ren, has joined as a significant investor.

Other participants included UOB Venture Management, Kyber Ventures, Mintable, GBV, LD Capital, Great South Gate, Octava, 975 Capital, Arcane Group, Tokocrypto, AU21, Double Peak Group, Faculty Group, NxGen, DWeb3 Capital, GSR, SL2 Capital, and Jump Capital.

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