Play It Forward DAO (PIF DAO) has kicked off 2022 by announcing it has raised $6 million from private investors, only six months later on launching.

The DAO includes a guild of over xl,000 players and 3,000 scholars beyond the Philippines and Indonesia, all of whom are managed via a play-to-earn (P2E) scholar management program.

Currently, the DAO has players beyond several notable metaverse P2E games, including Axie Infinity, Thetan Arena, Pegaxy and Dragonary.

Co-founder Cholo Maputol told Cointelegraph that the funds will exist used to scale the DAO'due south scholarship programs, scale up its P2E board platform, and finance some early-stage investments in P2E games and infrastructure projects.

"PIF DAO'southward objective is non to take a larger piece of the pie, but to abound the pie and increment rewards for players."

In a Sunday announcement, the DAO stated that the fundraising round represents its adjacent phase of "building a platform that will transform Play-to-Earn into a Plug-and-Play experience for more guilds and players globally."

Maputol explained to Cointelegraph that P2E gaming tin can be inaccessible to many players because information technology requires a lot of technical know-how to get started, such every bit setting upwards a wallet and purchasing tokens.

"We want to build an ecosystem that abstracts all that away so any manager or actor can get started in play-to-earn seamlessly (plug-and-play)."

Major investors who signed up to the table included Signum Uppercase, which has also backed other notable projects including Polkadot and Ren.

Other partners who signed up included Kyber Ventures, UOB Venture Management, Jump Uppercase, GBV, LD Capital, Not bad Southward Gate, Octava, 975 Capital, Arcane Group, Tokocrypto, AU21, Double Peak Group, Faculty Grouping, NxGen, DWeb3 Capital letter, GSR, SL2 Capital and Mintable.

Related: Play-to-earn games are ushering in the side by side generation of platforms

Kyber CEO and co-founder Loi Luu stated that information technology had "confidently invested in PIF because of their unique guild gaming system, which tin can drive value to the Play-to-Earn economic system as a whole" earlier adding:

"We believe the P2E movement will go on strong, and onboard tens of millions of new users to the Metaverse."

PIF DAO was previously known as Railings University before irresolute its name in December 2022.