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Cryptocurrency News Articles
RACA's Expanding Web3 Gaming Ecosystem Gets $30M Boost From DWF Labs, Others
Jun 23, 2024 at 12:02 am
The expanding Web3 gaming ecosystem from RACA has gotten a major boost in the form of $30 million in new funding from DWF Labs and other investors.
Web3 gaming collective RACA has secured $30 million in fresh funding from DWF Labs and other investors to bolster its expanding gaming ecosystem.
As per a tweet by RACA, the majority of the strategic investment will come from DWF Labs, which will contribute $16 million. A Malaysian gaming guild, a Hong Kong Exchange-listed AI company and others also participated in the funding round.
The components of the RACA DAO ecosystem include the Metamon Non-Fungible Token (NFT) GameFi platform, USM Metaverse, JAZ DID gaming infrastructure and social game Looki Looki Jazzi.
According to RACA, upcoming games include:
What is RACA:
RACA, formerly known as Radio Caca, is a decentralized autonomous organization (DAO) that is building a new virtual world and the infrastructure around it. One of its projects, the United States of Mars (USM) metaverse, is a three-dimensional planet where users can own land, build homes and play games. RACA is the native token for the Universal Metaverse. USM Lab is the creator of the Universal Metaverse(USM) and the P2E blockchain game Metamon. The USM is a 3D Planet virtual world where users can socialize, own lands, build buildings such as stores and art galleries, and create and play games.
For more information on Radio Caca, check out these links:
Website | Twitter | Telegram | Medium
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