LootRush, a platform that aims to improve user access to blockchain games, has recently raised $12 million in its seed funding.
Web3 gaming platform LootRush has raised $12 million in seed funding led by crypto company Paradigm, with collaboration from Andreessen Horowitz, aiming to make playing Web3 video games more attainable and more suitable for the users.
The company said the financing would expand the team globally and buy NFTs at scale.
In this round of funding, investors include Andreessen Horowitz (a16z), Y Combinator, and the creators of Axie Infinity, Plaid, Wildlife Studios, Dapper Labs, and The Chainsmokers and Vivi Nevo participated as angel investors.
We enable players to play video games with NFTs at 100x lower price, providing more flexibility and a larger portfolio of NFTs to have fun,” said by LootRush.
The US-based LootRush was founded in 2015 to “make Web3 video games as easy to use as a mobile device or play video games on Steam.”
LootRush focuses on making blockchain games “as easy as a couple of clicks” to start playing. A player chooses a game, selects NFTs, and starts the game. It also focuses on cutting down the time to start playing from “a few hours to a few minutes” and aims to make NFTs available at a lower cost.
