Limit Break’s DigiDaigaku NFT Skyrocketed 100% As The Firm Raised $200 Million
Limit Break, a Web3 Massively Multiplayer Online Game (MMO) startup, has raised $200 million in two funding rounds.
According to an announcement from Limit Break on August 29, Josh Buckley, Paradigm, and Standard Crypto led the funding rounds. In addition, there are FTX, Coinbase, and Positive Sum participation.
Limit Break was founded by Gabriel Leydon and Halbert Nakagawa, the former CEO and CTO of the game company Machine Zone, best known for the Game of War, Mobile Strike, and Final Fantasy: XV games.
With the capital raised, the project will incorporate Web3 elements into its “Free-to-Play” gaming model. Developers make money through ads or game extras. However, Limit Break will free NFT mint for investors, thereby calling this model “Free-to-Own” other products and NFTs in the future will be airdropped to NFT Genesis holders.
Ahead of the $200 million fundraising news, the NFT DigiDaigaku collection took a new hit. As of press time, the floor price of NFT has increased by 102.7% and is currently priced at 15 ETH/NFT. The 24-hour trading volume has increased by 440%, reaching $4.4 million.
The blockchain mobile gaming space is still receiving significant attention amid the reigning crypto winter; the event of Limit Break is proving that investors are still interested in the metaverse and GameFi sectors.
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