Netcapital Acquires Mixie to Bridge Traditional and Decentralized Finance

Netcapital, a financial technology company listed on the Nasdaq stock exchange, has acquired Mixie, a crypto-native protocol specializing in Web3 gaming infrastructure, creator media, and decentralized community engagement. The acquisition was completed by Zelgor, a portfolio company of Netcapital, for an undisclosed amount. This move is seen as a significant step in bridging traditional and decentralized finance.

Mixie's platform includes an AI-powered no-code game engine and a Web3-native media network that generates over 100 million monthly impressions. Additionally, Mixie features an accelerator model designed to support early-stage crypto projects, integrating creator economies with blockchain finance. The acquisition is expected to significantly enhance Zelgor's capabilities in scaling both Web2 and Web3 gaming landscapes. John Fanning Jr., CEO of Zelgor, highlighted that Mixie's technology stack and media reach align perfectly with Zelgor's goals, providing immediate scaling capabilities within both Web2 and Web3 environments. This strategic move strengthens Zelgor’s position in the evolving gaming environment by leveraging Mixie's technological and media reach assets.

Netcapital operates a digital capital markets platform that helps private companies raise capital while giving investors access to private equity opportunities. Its funding platform, Netcapital Funding Portal, is registered with the US Securities and Exchange Commission (SEC). The company, which trades under the ticker NCPL, went public in September 2017. Netcapital said it was especially drawn to Mixie’s tokenization infrastructure and accelerator model that supports early-stage founders. The acquisition was touted for enhancing “synergies between Mixie’s tokenization capabilities and Netcapital’s browser-based security offering.”

This acquisition marks the first time a publicly-listed company has acquired a crypto-native protocol specifically to expand the blockchain industry. The move is part of a broader trend of consolidation in the crypto and blockchain sectors, driven by more favorable regulatory conditions and the potential for declining financing costs. The industry remains overcrowded and overtokenized, making consolidation a likely trend in the coming years.