MMO strategy game League of Kingdoms Arena (LOKA) has raised $3 million in seed funding. The funds will be put towards the platform’s multifaceted metaverse expansion.
The round was led by crypto venture capital firm Hashed, who were also joined by Andreessen Horowitz, Binance Labs, Sequoia Capital India, and BlockTower Capital, as well as strategic investors such as Sky Vision Capital, Yield Guild Games, and blockchain ecosystem builder, DeSpread.
With the funding and expertise from the illustrious list of partners above, the LOKA universe is set to make developments in an array of different areas. Users can expect to see developments in PvP arenas, play-to-earn mechanics, commerce platforms, GameFi tools, governance infrastructures, token rewards for in-game competitions, social media features, e-sports tools, and interoperable assets. Such developments will be made through the adoption of the LOKA token, which was made available through the platform’s collaboration with TPA Metaverse Foundation.
With a global community of over 200,000 active players already acquired, LOKA are confident that the funds raised will propel them towards achieving their long-standing vision of bringing attractive blockchain games to the masses. LOKA wish to do this through building a global network of guilds and games to attract a variety of players, where they can offer engaging gaming mechanics, attractive in-game assets, and exciting campaigns and storylines to its users.
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