Limit Break’s DigiDaigaku NFT collection rises by over 100% as firm raises $200m
Limit Break Free Mint NFT Digi University Lowest Price Rose Data from nftgo shows ETH at 15.67 after news broke that the parent company had raised $200 million in two rounds of funding.
According to data, the collection’s 24-hour trading volume soared by more than 400%, reaching nearly $4 million. Apart from that, his market capitalization also increased by 130% to reach $48 million.
Limit Break Raises $200 Million
Limit Break, a Web3 games startup focused on building massively multiplayer online (MMO) games, has raised $200 million in two funding rounds.
The company announced this on August 29, revealing that Josh Buckley, Paradigm, and Standard Crypto led the funding round.
Other round investors include Coinbase, FTX, Anthos Capital and Positive Sum.
The gaming startup was founded by Gabe Lydon and Halbert Nakagawa, formerly of Machine Zone.
According to available information, the game plans to distribute the NFTs for free, thus adopting a “free to own” model.
Limit Break will generate income through other game features and plans to sell some NFTs once fans start selling them on OpenSea.
According to Lyndon, the move to make games free to play is to eliminate fraudulent practices like companies pre-selling NFTs and not distributing games.
While most crypto games generate revenue by first selling access to NFTs and other games, Lyndon said that giving NFTs for free would generate more interest and make the game more powerful. I believe that a strong community will be built.
Free-to-play is already a popular model in the mainstream gaming sector, generating billions of dollars in annual revenue. But it represents a novel approach in the crypto space.
