- 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.