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Metanews Videos January 11, 2022

Lootex has raised $9 million in funding for its metaverse marketplace

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Today, Lootex revealed that it has raised $9 million for its metaverse marketplace business. It will allow gamers to trade and buy items across several blockchains once it is ready.

lootex

Director Yuji Kumagai of Akatsuki remarked; “The NFT marketplace must be ready for GameFi so that NFT players can own and travel around independently”. “Lootex, we hope, will help to the growth of the GameFi ecosystem”. “IVC is pleased to support Lootex’s vision and objective to develop a transparent and decentralized NFT marketplace – a pioneering step in facilitating people’s virtual assets,” said Brian Lu, a founding partner of Infinity Ventures Crypto.

Expansion of the trading platform.

The funds will assist the company in the expansion of its trading platform, which presently has over 12,000 NFTs spread among 500 collections. “It’s critical to activate the NFT marketplace for GameFi so that NFT players may have ownership and move independently.” In a news statement, Akatsuki Director Yuji Kumagai stated, “We anticipate Lootex will help to the expansion of the GameFi ecosystem.” So far, players have had a hard time buying in, with multiple examples of NFT backlash surfacing amid established gaming groups.

Players may buy avatars, consumables, and virtual land for NFT games on Lootex’s marketplace. RPS League, Block Monster, Dungeon Swap, and Olympus Royale are among the more than 50 blockchain games with which Lootex has collaborated.

In a statement, Lootex CEO Justine Lu stated; “Our goal is to make gaming assets more accessible to conventional players by allowing them to own them. Players may trade and learn the worth of their hard work and successes by using a game-oriented NFT marketplace.”

Spartan Capital, Infinity Ventures Crypto, LD Capital, and Akatsuki lead the investment round. Polygon Studio, HTC, Huobi Ventures, and Morningstar Ventures are among the other participants. In remarks, several investors stated that they invested because Lootex will benefit blockchain economies.

For MetaNews.

Jonathan Hobbs is an Australian investor and author that trades on a variety of asset classes, including currencies, equities, and commodities. Jonathan’s experience as a macro trader leverages his unique writing style to combine important elements, such as technical analysis and news. The other elements that he brings into his unique writing styles are foundation analysis aimed at rational equilibrium values, evaluating the sizes and motivations of buyers and sellers, as well as identifying the needs of the buyers and sellers in the individual markets. Jonathan is committed to quality writing for new traders as well as veterans.

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