Nitro League GameFi Raises $5 Million Led By SL2 Capital.
2021-12-09 | Daniel Smith
, a mobile racing-themed play-to-earn game, has closed its corporate strategy funding round, which included top-tier crypto-focused venture capitalists.
Strategy for racing Nitro League receives a $5 Mln grant
According to a press statement distributed to U. Nitro League, a revolutionary mobile racing game developed by Hotwire Studios, successfully completed its private token sale round today. A group of respected VCs, including YGG Southeast Asia, Morningstar Ventures, Axia8 Ventures Yolo.io, Skyman Ventures, YGG Global, Double Peak, LD Capital, ExtraWatts, Calisto Capital, Infinity Ventures Crypto, NGC Ventures, and Woodstock, spent an estimated $5 million.
The investment was headed by SL2 Capital, a prominent blockchain-focused venture capital firm. Nitro League's creators, software developers Hotwire Studios, just received $10 million in backing from Tier-1 investors. [Nitro League] designed a complicated strategic game based on racing. Its users may engage in racing challenges, race against one another, fulfill tasks, and establish street racing guilds.
The Nitro League IDO will take effect on Polkastarter on 13th Dec.
The notion of non-fungible tokens is central to the tokenomics of the product. NFTs
may be used to trade, swap, store, and collateralize all drivers, vehicles, and other in-game goods on third-party platforms. The initiative launched a whitelist for its inaugural decentralized exchange offering on Polkastarter yesterday, on December 7, 2021. On December 13, the NITRO IDO will take place on this major platform.
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