Limit Break has secured $200 million in capital from two rounds of venture capital funding. Limit Break is a startup company that creates massively multiplayer online (MMO) games targeting the web 3.0 & crypto sectors.
Limit Break raises $200M for MMO game
The venture capital firms that led the two funding rounds are the chair of Mino Games, Josh Buckley, Paradigm, and Standard Group. Limit Break published a Twitter thread adding that other participants in the funding round include Coinbase, FTX, and Positive Sum.
Limit Break plans to bring Web3 components into the “free to play” gaming ecosystem. Free-to-play games do not require players to pay any upfront fee to play. Developers can make money from such games using ads or selling additional gaming features.
The firm’s view on free-to-play gaming ecosystems is what is referred to as “free-to-own.” This is an ecosystem where users can mint genesis non-fungible tokens (NFTs) that do not require the user to pay any fee. The Genesis NFTs can result in the other NFTs being created using airdrops or other means. None of these methods involve the tactics used to support fundraising.
The recent funding rounds for Limit Break come amid a bear market across the cryptocurrency industry. They also illustrate the increased interest in blockchain-based mobile gaming ecosystems.
In July this year, NFTs and the blockchain gaming sector became the favorites among venture capitalists for the twelfth consecutive month. These platforms have generated around $500 million in funding, the second-highest after infrastructure.
Limit Break is a startup created by Gabriel Leydon and Halbert Nakagawa, the former CEO and CTO of the Machine Zone mobile gaming company. Machine Zone is the company behind several free-to-play games, such as Mobile Strike and Game of War.
The other blockchain gaming firms that have also secured funding this year include InfiniGods, MetaverseGo, and N3TWORK, among others. The increased funding into the sector despite the bear market shows that venture capital companies are attracted to the long-term potential of the blockchain gaming ecosystems.
Is Tamadoge better?
The metaverse gaming ecosystem has garnered much interest from venture capital firms. Therefore, early investors in P2E projects have the potential for long-term gains. One such project is Tamadoge.
Tamadoge is a P2E gaming ecosystem that has attracted much interest beyond the meme coin space. Despite deriving its name from the “Doge” hype, Tamadoge is a project committed to providing solutions to the problems facing the meme coin community.
One of the weaknesses of meme coins is the lack of utility, and Tamadoge is solving this problem through Tamaverse. Tamaverse is a P2E gaming ecosystem that allows players to earn rewards in the form of TAMA tokens when they win battles against other players. Players can participate in the crypto games ecosystem using Tamadoge NFTs.
The other thing about TAMA tokens is that they have a capped supply of 2 billion coins. This allows the meme coin to derive significant gains because the strong tokenomics could support a price appreciation in the long term. The growing demand for TAMA can be seen in its presale, which has already raised more than $10 million.
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