NFTs News

Limit Break’s DigiDaigaku NFT Skyrocketed 100% As The Firm Raised $200 Million

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.

NFT DigiDaigaku collection

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 floor price of the NFT DigiDaigaku collection. Source: NFTGo

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.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.