Sports Metaverse Startup LootMogul Secures $200 Million Investment
Investment Details
LootMogul, a leading Sports Metaverse startup, has successfully secured a $200 million investment commitment from Gem Global Yield. This significant funding is provided through a share subscription facility over a 36-month term, following an equity exchange listing.
Metaverse Development Plans
The investment is set to accelerate the development of LootMogul's innovative metaverse platform. The company aims to create immersive "meta sports cities" worldwide, offering real-world benefits, integrating renowned brands, and featuring professional athletes. This platform will operate on a true cross-metaverse and blockchain (multichain) infrastructure, ensuring accessibility across multiple devices such as Oculus, HoloLens, Web, Mobile, and Console.
Strategic Significance
This funding underscores the growing potential of the Sports Metaverse, blending virtual and real-world experiences. LootMogul's platform is poised to revolutionize sports entertainment and engagement, leveraging cutting-edge technology to deliver unparalleled experiences for users globally.
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