SNACKCLUB secures $9 million in seed financing to revolutionize blockchain gaming

SNACKCLUB secures $9 million in seed financing to revolutionize blockchain gaming
ôîòî ïîêàçàíî ñ : invezz.com

2022-4-27 22:00

SNACKCLUB, an innovative sister corporation to LOUD, gaming’s rapidly-growing global brand with 300 million consolidated followers and the maiden gaming institution to attain a million YouTube views, has raised $9 million in seed financing to unveil a decentralized autonomous organization (DAO) dedicated to rethinking gaming control.

Web3 enables games to play-to-earn

Generally, gamers have had no control over the cash, equipment, or properties their players have amassed during numerous hours spent playing current video games. Web3’s widespread adoption lets people “mint” in-game objects to an outside blockchain wallet, instantly granting uncommon assets value and providing the liquidity required to launch a new world economy.

LOUD co-founder and SNACKCLUB managing partner Jean Ortega said:

LOUD has always been a community-first organization. SNACKCLUB will elevate that commitment by investing in the technology, platform, and publishing partners that will bring the potential of blockchain gaming to our community. We have a long way to go, but these investments will change the how and why behind a gamer’s decision to play.

SNACKCLUB to be governed through community leadership

As a DAO, SNACKCLUB would soon be governed by a community command structure that would allow fans to engage fairly in the company’s operations by participating in essential choices. There isn’t any cost for joining, and everyone over 18 who has internet access is welcome to take part. In addition, most of SNACKCLUB’s governance rights and ownership will be preserved for community onboarding following the completion of a strategic vision later in the year.

Ascensive Assets, Animoca, Formless Capital, Mechanism, Jump Crypto, Shima Capital, and OP Crypto are among the investors that took part in the $9 million seed round. The financing round’s top investor and Mechanism partner Marc Weinstein said:

As LOUD’s sister company, SNACKCLUB is launching with access to an immediate and passionate community who are anxious to explore the future of gaming. We’re thrilled to support SNACKCLUB’s efforts to realize that future by providing an ecosystem that promotes ownership, fairness, and transparency, especially for a region where even a little income could go a long way.

The post SNACKCLUB secures $9 million in seed financing to revolutionize blockchain gaming appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Global Gaming (GMNG) íà Currencies.ru

$ 0.0001047 (+2.17%)
Îáúåì 24H $21.696k
Èçìåíåèÿ 24h: 18.91 %, 7d: -37.84 %
Cåãîäíÿ L: $0.0001047 - H: $0.0001047
Êàïèòàëèçàöèÿ $0 Rank 2917
Äîñòóïíî / Âñåãî 0 GMNG / 15b GMNG

gaming million 160 snackclub financing seed views

Èñòî÷íèê: invezz.com

gaming million → Ðåçóëüòàòîâ: 126


Ripple and Forte Launch $100 Million Fund for Blockchain Gaming Using XRP

Xpring, Ripple’s developer ecosystem initiative, has partnered with blockchain platform Forte to form a $100 million fund to support game developers. According to the company’s press release, the fund will operate alongside Forte’s platform technologies and include Ripple’s open-source solutions, including XRP, aimed at mainstream adoption for blockchain gaming.

2019-3-14 23:54


Tencent Slashes at $271 Billion Stock Slump with Massive 50% Recovery

Tencent, the world’s largest gaming company and one of the biggest social media service owners, saw its stock plummet in 2018, costing investors as much as $271 billion in losses. Tencent shares are now seeing a massive recovery fueled by opportunities from “Fortnite” and “Apex Legends” in China’s booming gaming sector and improving sentiment in the domestic stock market.

2019-3-7 21:36


EA’s Apex Legends Gets Insane 10 Million Players in 3 Days, Can it Become Bigger than Fortnite?

Electronic Arts Inc. shares are rising, and it seems to be gaining lost grounds with its latest title, Apex Legends, amassing millions of players within a short period. Watch Apex Legends Gameplay Below + First Impressions The Canadian gaming giant saw its stock rise by 16 percent on Friday, after announcing that Apex Legends, it’s Fortnite competitor had gained 10 million players and 1 million concurrent players, 72 hours after it was released, and the fans seem to be loving it.

2019-2-9 18:52


Sony Shares Sink 8% Amid Declining Gaming Sales – Is a PlayStation 5 Coming in 2020?

Shares of Sony fell by 8% after the Japanese entertainment and technology giant recorded a decline in sales and profits. Specifically, Sony’s gaming division, which has become increasingly critical to the conglomerate saw operating income from games fell by 14% to $666 million during the October-December holiday quarter, according to Bloomberg.

2019-2-5 14:55


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Crypto market cap surpasses the $2.5t mark following CPI data

The global cryptocurrency market capitalization has recorded an impressive momentum after the U.S. Consumer Price Index (CPI) report was released. Notably, the US CPI for April increased by 3.4% over the past year, crypto.news reported. In March, the CPI reached…

ABT token surges 26% to hit new all-time high

ArcBlock’s native token, ABT, has seen a significant surge in its market value, with a 26% rise over the last 24 hours, pushing the token to a new all-time high of $3.92. The latest surge in trading volume, which reached $31.8…

Q1 CoinShares most successful quarter in history with revenue up 216%

European crypto asset manager CoinShares has revealed that its revenue in Q1 increased by 216% since last year, with total comprehensive income increased by elevenfold. CoinShares, a European digital asset manager and crypto research firm, saw its “strongest quarter ever”…

Chinese authorities arrest six suspects in $300m crypto fraud case

Authorities in China have arrested six individuals suspected of engaging in illicit cryptocurrency transactions amounting to 2.94 billion yuan — worth roughly $300 million. According to a May 10 report by local media outlet Chinanews, the suspects were taken into…

Celsius (CEL) rallies 360% following massive token burn

The native token of the now-defunct Celsius Network, CEL, has recorded an impressive price surge following its massive token burn. On-chain data shows that Celsius burned over 94% of its total supply on April 30 — plunging from 695.65 million…