NFT Card Sport LOCGame (Legends of Crypto) Raises $1.2 Million in Non-public Funding Spherical

| LOCGame GroupPress Launch

Key highlights:

  • LOCGame has raised $1.2 million in a non-public funding spherical that included VCs and strategic buyers
  • LOCGame is creating an NFT-powered card sport that rewards gamers with DeFi options by the LOC token
  • The genesis assortment might be a homage to the crypto group

NFT-powered LOCGame raises $1.2 million to develop its ecosystem

NFT mission LOCGame (Legends of Crypto) has raised $1.2 million in a non-public funding spherical that was led by VC corporations LD Capital, Signum Capital, NGC, Moonwhale Ventures, and Terra Virtua. An extended checklist of strategic buyers additionally participated within the spherical, with essentially the most notable amongst them maybe being Synthetix founder Kain Warwick and Bitcoin.com Change CEO Danish Chaudhry.

DAOMaker additionally participated as a strategic investor and might be offering the platform for the general public launch of LOCGame’s LOC token.

LOCGame is utilizing NFT expertise to create a card sport that’s comparable in precept to well-liked High Trumps card video games. The sport’s genesis assortment might be a homage to cryptocurrency, that includes memes, characters, and well-liked tropes from the ever-entertaining crypto group.

LOCGame founder Mik Mironov commented on the workforce’s resolution to function the crypto group itself in its genesis assortment:

“We’re humbled and excited to convey the highest of the artwork NFT card sport to the trade. Created out of affection for the crypto group, our genesis version is totally devoted to the legendary characters from THE trade that created most memes, jokes and narratives about itself in historical past.”

The mission employs DeFi-inspired ideas to reward collectors and gamers – for instance, the holders of LOCGame NFTs can stake their tokens to earn rewards within the type of LOC tokens. The LOC tokens themselves can be utilized to earn extra NFTs, and grant their holders reductions when making purchases throughout the LOCGame ecosystem. The LOC token additionally has a governance element, as eligible holders will be capable of suggest modifications within the sport itself or counsel new options. 

In a quick timeline posted on LOCGame’s official Twitter account, the workforce revealed that we will anticipate to see them launch a NFT market, a testnet and the general public sale for LOC tokens inside this quarter. Later this yr, the workforce plans to launch the sport on mainnet, convey LOCGame to the mass market, and introduce governance options. 

Related Articles

Reef Finance to Launch Its Reef Chain Mainnet by Could 2021

Following the launch of the Reef Chain Mainnet, DeFi customers can achieve a sensible decentralized finance publicity with interoperability options throughout a number of...

Ethereum Worth Hits All-Time Excessive Near $2,600

Ethereum has hit a brand new ATH. Ethereum value is now up over 1400% up to now yr.  Ethereum (ETH)...

Time beyond regulation Secures $80M in Collection C Funding Spherical, That includes Jeff Bezos, Drake, Others

The Time beyond regulation Collection C Funding spherical speaks to the expansion of the corporate because it was based in 2016. ...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Reef Finance to Launch Its Reef Chain Mainnet by Could 2021

Following the launch of the Reef Chain Mainnet, DeFi customers can achieve a sensible decentralized finance publicity with interoperability options throughout a number of...

Ethereum Worth Hits All-Time Excessive Near $2,600

Ethereum has hit a brand new ATH. Ethereum value is now up over 1400% up to now yr.  Ethereum (ETH)...

Time beyond regulation Secures $80M in Collection C Funding Spherical, That includes Jeff Bezos, Drake, Others

The Time beyond regulation Collection C Funding spherical speaks to the expansion of the corporate because it was based in 2016. ...

Internet Revenue of Hyundai Motor Rises by 175% in Q1

Hyundai Motor Firm is planning to mass-produce Electrical Automobiles (EV) by creating solid-state batteries to implement this plan. Hyundai Motor...

NFTs Past the Artwork World: Crowdfunding, Gaming, Id, & Extra

Non-fungible tokens have taken the artwork world by storm. Whereas the expertise has already been round for various years, NFTs had their “second” earlier...