Decentralized Autonomous Organization ItsBlockChain (IBC) recently announced the “successful end” of its crowdfunding round, raising $ 500,000 pooled by 50 crypto investors around the world. Did. With a significant influx of money, the organization laid the groundwork for future investments in press releases.
IBC DAO aims to build a business game model based on the P2E (Play to Earn) platform. “For more than a decade, the game’s dominance over players has been widespread, but not the other way around. As a result, there are in-game asset exchanges between players and the associated capital-centric benefits. No, thanks to blockchain technology and the advent of currently changing NFTs (Non-Fungible Tokens), “said the press release.
IBC DAO provides a platform for players to play various P2E games and earn money. In addition, most players have good skills in certain games, but because they don’t have the capital to make an initial investment, the organization provides seed money to the players.
The game guild envisioned by IBC DAO is consistent with the gaming and crypto industry aggregates. At the crossroads of these two novel but potential industries, the nexus, which can fuse game-related economics with real-world finance, has created a system for owning and transferring in-game assets. increase. The format of a digital token on the blockchain.
IBC DAO presents an example of Axie Infinity, the largest P2E game that currently dominates the crypto industry and witnesses the traffic of over 1 million users daily. However, such games require the first seed capital, whether NFT or cryptocurrency, to start playing the game. IBCDAO plays that role here and eradicates the first obstacle.
The company recently purchased a myriad of NFTs with the help of the first crowdfunding round.
Beginning a New Journey .. 🚀🚀 IBCDAO has raised $ 500,000 in seed rounds from 50 Genesis members around the world.
Our first purchase was made today at the Sandbox Metaverse. Acquired 3×3 estate connection land near the Republic Realm.
— IBC DAO (@IBCDAO) November 21, 2021
We plan to add assets to the Treasury this week.
Stay tuned for future updates. pic.twitter.com/hMtzDTBloB
— IBC DAO (@IBCDAO) November 22, 2021
“We are grateful to the members of Genesis for their contributions to the initial funding,” said Hitesh Malviya, founder of IBCDAO. Hitesh also said: Three months Near its official launch later announced the release of the organization’s governance system.
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Crowdfunding from IBCDAO’s 3,72 rupee crypto investor pool
Source link Crowdfunding from IBCDAO’s 3,72 rupee crypto investor pool