DWF Labs Backs RACA's NFT Gaming Ecosystem with $16 Million Investment

ChainPlay

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one year ago

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Investment firm DWF Labs has invested a whopping $16 million in the NFT(non-fungible tokens) gaming ecosystem RACA, also known as Radio Caca.

RACA is behind the NFT sandbox game USM.WORLD and Metamon, a collection-based NFT game centered around creatures called Metamons. Players can earn, battle, and collect in the game using Metamons.

Aside from NFT games, RACA also has an NFT marketplace that lets users purchase or sell USM Metaverse land, Metamon, and other RACA-branded digital assets. According to their website, over $1 billion worth of NFTs has been traded since their launch.

The company first started out as a manager for the mother of Elon Musk's NFTs (non-fungible tokens). Fast forward to now, the company is receiving funds from one of the most active investors in the Web3 space, with the aim to propel the metaverse industry forward.

DWF Labs has recently invested in other web3 projects such as a $20 million fundraising for web3 platform Synthetix, an MMORPG NFT game called MAD Metaverse, and a similar NFT game called TopGoal.

The funding will help RACA propel its goal of becoming an expansive Web3 gaming ecosystem. With the support of DWF Labs, RACA can continue to innovate and create new and exciting NFT games, digital assets, and its crypto projects moving forward.

Final Thoughts

In conclusion, the $16 million investment from DWF Labs is a significant milestone for RACA and the NFT gaming ecosystem. With the continued growth of the web3 space, it will be interesting to see how RACA and other NFT gaming companies will continue to innovate and push the boundaries of what is possible with blockchain technology.