In an announcement today, Lootex announced it had raised $9 million to build a metaverse marketplace allowing game players to trade and buy items across multiple blockchains.
Spartan Capital, Infinity Ventures Crypto, LD Capital and Akatsuki led the round. Other participants included Polygon Studio, HTC, Huobi Ventures, and Morningstar Ventures, among others. In statements from investors, some said that they participated because Lootex will help the blockchain economy.
According to Yuji Kumagai, Director of Akatsuki, it is crucial to activating the NFT market for GameFi to give NFT gamers ownership and autonomy. We believe Lootex will expand the GameFi ecosystem. IVC founder Brian Lu says that the company is excited to support Lootex’s vision and mission to create a transparent and decentralized NFT marketplace, which will facilitate people’s virtual assets.
Lootex’s current marketplace supports over 12,000 NFTs distributed across 500 collections. According to Lootex CEO Justine Lu, the company’s mission is to provide a game-oriented NFT marketplace, so players can trade and realize the value of their hard work and accomplishments.