Duelist King, a cross-chain win-to-earn NFT sport, has raised over $1 million after attracting funding from various famend personal fairness companies.
The sport, which is constructed on Binance Sensible Chain (BSC) and Cardano and supported by Fantom, Polygon and Cronos, welcomed capital from the likes of Momentum6, BoostXLabs, Shima Capital, BX Ventures, X21 Digital, AU21, Magnus Capital, NFT Applied sciences, Benmo, BlockBeat and ten different traders.
‘To have acquired funding and help from a number of the best-known VC companies within the crypto business is a testomony to the work we have now executed behind the scenes to pioneer a novel win-to-earn gaming mannequin,’
stated Dzung Tran (Chiro) – CEO and Founding father of Duelist King.
‘Having bought out 250,000 NFTs in lower than 45 minutes final month, momentum is constructing within the Duelist kingdom – and we’re thrilled that our traders acknowledge our potential.’
The funds shall be used to determine Duelist King as a serious participant within the booming blockchain gaming house. Whereas most releases to this point have been primarily based on a play-to-earn mannequin, Duelist King is constructed across the idea of win-to-earn, whereby sport economics middle on rewards and earnings primarily based on participant engagement.
Within the sport, gamers earn rewards for competing in quests, battles and tournaments, and may affect the course of the challenge when it comes to gameplay and design. The workforce behind Duelist King consists of 15 builders and blockchain consultants who’ve operated within the house since 2016.
A community-owned, incentive-based NFT card sport, Duelist King will help cross-chain NFTs and later Duelist King tokens. The challenge was just lately launched through an Preliminary DEX Providing (IDO) on OccamRazor and can conduct an Preliminary Farm Providing (IFO) on PancakeSwap on October 27. Card sale income is projected to succeed in $1 billion over the following three years.
The sport’s builders are at present engaged on a Participant vs Setting (PvE) model of the sport, due for launch in Q1 of 2022. Participant vs Participant (PvP) and multi-play options will then comply with in Q2, whereafter Duelist King will host tournaments for its increasing group.
A sneak preview of the sport was launched final month and shortly generated a whole lot of likes.