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Limit Break has raised $200 million in two funding rounds. The team plans to incorporate Web3 elements into its Free-to-Play (F2P) multiplayer online games model for mobile devices.
Limit Break has raised $200 million in two funding rounds. The team plans to incorporate Web3 elements into its Free-to-Play (F2P) multiplayer online games model for mobile devices.
🚨🚨🚨We are excited to announce that we have raised TWO HUNDRED MILLION DOLLARS ($200 million) in two rounds to create Limit Break, Web 3 MMO games. Managed by these tours @joshbuckley, @paradigm& @standard crypto 🥳
— Limit Break (@limitbreak) 29 August 2022
The investment rounds were led by Paradigm, Standard Crypto and Mino Games CEO Josh Buckley. Funding was also provided by FTX, Coinbase and Positive Sum.
The startup plans to turn F2P into a Free-to-Have model with the help of Web3. It assumes the possibility of free release by Genesis-NFT users.
“Genesis NFTs give rise to other non-tradable tokens.air drops and other ways. None of these are smart fundraising tactics.” – says message.
Limit Break was founded by former Machine Zone CEOs and CTOs Gabriel Leydon and Halbert Nakagawa. The studio is known for bestsellers such as Game of War, Mobile Strike, and Final Fantasy: XV.
Recall that DappRadar noted that GameFi and the metaverse in Q2 showed the best dynamics in a bear market.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
