Sports Metaverse Startup LootMogul Secures $200 Million Investment Commitment
Sports Metaverse Startup LootMogul Secures $200 Million Investment Commitment
LootMogul, a cutting-edge Sports Metaverse startup, has announced a significant $200 million investment commitment from Gem Global Yield. This share subscription facility will be available over a 36-month term, providing the company with substantial funding to accelerate its metaverse ambitions.
Accelerating Metaverse Development
The investment is set to bolster LootMogul's mission to create immersive sports gaming experiences within its metaverse. The platform aims to build virtual sports cities worldwide, integrating real-world benefits, brands, and professional athletes. This ecosystem will operate on a multichain blockchain platform, ensuring seamless accessibility across multiple devices, including Oculus, HoloLens, web, mobile, and console platforms.
A Vision for the Future of Sports Gaming
LootMogul's innovative approach combines sports, gaming, and blockchain technology to create a unique cross-metaverse experience. This funding round underscores the growing potential of the metaverse in reshaping the sports and gaming industries. With this investment, LootMogul is poised to further its vision of delivering engaging, interactive, and rewarding experiences for sports enthusiasts globally.
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