Web3 Gaming Platform LootRush Raises $12m in Seed Round

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Web3 gaming level LootRush has raised $12 cardinal successful effect backing led by crypto institution Paradigm, aiming to marque playing Web3 video games much accessible and much convenient for users.

The institution said the financing would grow the squad globally and bargain NFTs astatine scale.

In this circular of funding, investors see Andreessen Horowitz (a16z), Y Combinator, and the creators of Axie Infinity, Plaid, Wildlife Studios, Dapper Labs, and The Chainsmokers and Vivi Nevo participated arsenic angel investors.

LootRush says that:

“To play videogames utilizing web 3 technologies, players acquisition a precocious obstruction of entry. And, arsenic involvement successful these types of video games proceed to skyrocket, players are looking for ways to spell from intent to enjoyment successful arsenic small time, with arsenic small cost, arsenic possible.”

“We alteration players to play video games with NFTs astatine 100x little price, providing much flexibility and a larger portfolio of NFTs to person fun,” said by LootRush.

The US-based LootRush was founded successful 2015 to "make Web3 video games arsenic casual to usage arsenic a mobile instrumentality oregon play video games connected Steam." 

Image source: Shutterstock

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