The Big Bucks: LootMogul’s Major Investment
LootMogul, the rising star in the sports metaverse, has hit the jackpot with a whopping $200 million investment commitment from Gem Global Yield. This exciting financial backing kicks off a 36-month term, where LootMogul will have a remarkable share subscription facility, allowing them to maximize their funding potential without breaking a sweat.
Building the Sports Metaverse
Imagine a world where you can play sports in virtual reality! LootMogul aims to turn that dream into a reality by developing a metaverse populated with virtual sports cities. These cities will intertwine real-world benefits, partnerships with professional athletes, and brand collaborations into a seamless gaming experience. Get ready to don your VR headset—Oculus, HoloLens, or even your good old mobile device—for some thrilling gameplay.
The Power of Choice
This investment is a game changer for LootMogul. The flexibility to withdraw funds by issuing equity shares without a minimum drawdown obligation? Now, that’s a smart move. It gives the startup the reins to determine how and when to utilize their capital, making it an empowering exercise in financial management.
Innovating with MOGUL Tokens
In a related development, LootMogul recently joined forces with DigitalBits, the open-source blockchain, to launch the MOGUL tokens. These tokens will serve as the backbone of their gaming ecosystem, and they are set to create a seamless liquidity pool with DigitalBits on the decentralized exchange NicoSwap. With MOGUL, players can expect a whole new level of interaction and rewards in the metaverse.
Gem Global Yield: A Power Player in Crypto
With a staggering $3.4 billion in funds, Gem Global Yield is no stranger to the crypto world. Following its prior investments, including $200 million in CeDeFi exchange Unizen and $150 million in H20 Securities, it’s clear that GEM knows how to spot a winning venture. And with LootMogul on board, they may just have hit the jackpot again.
What’s Next?
As the sports metaverse takes shape, all eyes will be on LootMogul. The blend of innovation, financial savvy, and partnership potential could redefine how we engage with sports in a virtual environment. So, buckle up, virtual athletes; the future looks bright with LootMogul leading the charge!
