Game NFT MagicCraft Raises $10M from Gem Digital
Game NFT MagicCraft has raised $10 million from GEM Digital to propel their blockchain gaming venture to new heights.
This funding is earmarked to provide MagicCraft with a solid financial platform for the next 2 years, facilitating an accelerated development trajectory, asset expansion within the game, and integration of advanced technologies to enhance overall gaming experience.
Empowering Growth
As part of this strategic funding, MagicCraft is significantly enhancing its gaming ecosystem. The raised capital enables them to capitalize on the rapidly evolving landscape of blockchain gaming, where play-to-earn models are gaining considerable traction.
This move will drive the creation of new gaming experiences, accelerate the development of the MagicCraft ecosystem, and bolster the studio against potential market fluctuations in the coming years.
GEM Digital
GEM Digital, a digital asset investment firm based in the Bahamas, specializes in sourcing and investing in various utility tokens found across more than 30 CEX and DEX globally.
A subsidiary of Global Emerging Markets, a heavyweight investment conglomerate established in 1991 with an impressive $3.4 billion investment portfolio. Their global presence spans offices in the Bahamas, Paris, and New York. With over 570 transactions executed in 72 countries, their investment portfolio underscores their expertise in emerging markets.
MagicCraft
MagicCraft is an esports MOBA game reminiscent of the popular League of Legends. Their focus lies in providing play-to-earn competitive gaming experiences on the BNB chain.
Offering both Web2 Standard Mode and Web3 Slay-to-Earn mode, the latter empowers players to earn rewards by participating in Web3-powered gameplay activities, with winning teams receiving the game's token, $MCRT. The game's accessibility extends to both PC and mobile platforms, with a Web2 version available to Steam users.
Conclusion
Amidst the ongoing crypto winter, any investment news is a welcomed breath of fresh air.
The blend of Web2 and Web3 models for the current market seems to strike a harmonious approach, offering players engaging gaming experiences while providing real earning opportunities.
