Blockchain
Lootex Raises $9 Million to Build Out Gamer-Centric Metaverse Marketplace
Lootex, a GameFi platform to purchase NFTs and in-game assets across multiple blockchains, is proud to announce their seed round of funding has officially closed. Lootex raised US$9 million from a number of venture capital firms and strategic partners.
The platform has taken a big step towards realizing this vision, raising a $9 million round of funding led by industry titans including Spartan Capital, Infinity Ventures Crypto, LD Capital and Akatsuki. The round also saw the participation of SweeperDAO, YGG SEA, Polygon Studio, HTC, Huobi Ventures, OKEx Blockdream Ventures, Avocado Guild, Cherubic Ventures, Palm Drive Capital, Evernew Capital, Morningstar Ventures, NGC Ventures, Petrock Capital, Panony, Yolo Investments, Kosmos Ventures and more. From PKO Investments syndicate, Twitch’s co-founder, Kevin Lin, Kabam’s co-founder, Holly Liu, Patrick Lee, Co-founder of Rotten Tomatoes, and Kun Gao, Co-founder of Crunchyroll also all participated in the round.
Investors said they participated in the round because they believe in Lootex’s potential to make a meaningful impact in both the GameFi and NFT ecosystems.
“It is very important to activate the NFT marketplace for GameFi in order for NFT gamers to have ownership and move autonomously. We believe Lootex will contribute to the expansion of the GameFi ecosystem,” said Yuji Kumagai, Director of Akatsuki Inc.
“IVC is thrilled to support Lootex’s vision and mission to create a transparent and decentralized NFT marketplace – a pioneering step towards facilitating people’s virtual assets,” said Brian Lu, Founding Partner at Infinity Ventures Crypto.
Dan Wang, Head of Investments at YGG SEA, sees Lootex’s marketplace as an important platform for the guild’s gamers. “YGG SEA’s top priority is our scholars. We make all decisions that, we believe, are in the best interests of the everyday gamers who want to get involved in the P2E space. Lootex’s platform contains comprehensive information, statistics, and reviews on in-game items and NFTs that present a unique advantage for our scholars,” Wang said.
These partnerships, as well as several others in the works, will allow Lootex to further develop its cross-chain NFT trading platform as it looks to build the ultimate gamer-centric marketplace, where players can easily trade in-game assets across multiple blockchains. Lootex’s marketplace currently features over 12,000 NFTs, spread out among over 500 collections. Its easy-to-use interface allows gamers to browse and purchase what they need, and even monetize their skills, without any technical knowledge necessary.
“Our mission is to liberate game asset ownership and connect blockchain games to traditional players. By providing a game-oriented NFT marketplace, players are able to trade and discover the value of their hard work and accomplishments,” said Justine Lu, CEO and co-founder of Lootex.
As the metaverse becomes more a part of our everyday reality, Lootex is positioning itself at the forefront of the play-to-earn, move-to-earn, and share-to-earn gaming revolution. It’s already built up an active and enthusiastic community of more than 80,000 monthly active users, and in November Lootex announced monthly sales volume exceeding $2 million. Lootex has partnered with more than 50 blockchain-based games so far, including RPS League, Block Monster, Dungeon Swap, and Olympus Royale.
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
-
Blockchain Press Releases4 days agoDeFi Lens builds advanced Generative AI for Technical Analysis
-
Blockchain3 days agoVenezuela’s Oil Giant Turns to Crypto as US Sanctions Bite Again
-
Blockchain3 days ago
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
-
Blockchain2 days agoGlobal Payment Gateway Industry Report 2024: Seamless Integration with In-Game Virtual Currency Systems Enables Payment Gateways to Contribute to the Monetization Strategies of Game Developers
-
Blockchain4 days ago
PairedWorld Earns Nomination for Best Blockchain Project for Social Impact, Secures $1.5 Million in Private Token Sales, and Welcomes Paul Taylor Who Is a Venture Partner at BlackRock to its Advisory Board
-
Blockchain1 day ago
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
-
Blockchain5 days ago
PairedWorld Earns Blockchain Award Nomination, Secures $1.5 Million in Private Token Sales, and Welcomes BlackRock Venture Partner to Advisory Board
-
Blockchain1 day ago
39% of Canada’s institutional investors have exposure to crypto: KPMG
