• Duelist King GameFi has raised $1 million in funding for its NFT-focused metaverse

  • The forefathers of the cross-chain NFT card game Duelist King revealed the details of its most recent funding round as well as its plans for a public token sale.

    Duelist King has raised $1 million in funding from top-tier venture capitalists.

    According to the official announcement made by the Duelist King NFT card game team, the funding round has been completed.

    Momentum6, BoostXLabs, Shima Capital, BX Ventures, X21 Digital, AU21, Magnus Capital, NFT Technologies, Benmo, BlockBeat, and others contribute a total of $1,000,000 in funding.

    Duelist King’s CEO and founder, Dzung Tran (Chiro), emphasized that interest in the round was excessive, and the funding campaign was oversubscribed in minutes:

    Receiving investment and support from some of the most well-known venture capital firms in the crypto industry is a testament to the work we’ve done behind the scenes to pioneer a novel win-to-earn gaming model. With 250,000 NFTs sold out in less than 45 minutes last month, momentum is building in the Duelist kingdom – and we’re excited that our investors see our potential.

    The funds raised will be used to further the development of the “win-to-earn” model, in which the net amount of rewards for a given player correlates with their engagement with the product.

    Duelist King invites players to quests, battles, and tournaments. A number of cutting-edge concepts in gameplay and design have already been implemented by the game’s developers.

    Introducing NFT-centric GameFi to the cross-chain market

    Duelist King, in addition to advocating an unusual “win-to-earn” model, is a pioneer in the field of cross-chain NFT games. Binance Smart Chain (BSC) and Cardano (ADA) smart contracts are used in its architecture.

    The project is now concentrating its efforts on its Initial Farm Offering (IFO) on PancakeSwap. On October 27, 2021, the token will be released to the audience of the largest BSC-based DEX.

    In addition, the company successfully launched its Initial Decentralized Exchange Offering (IDEO) on the Cardano-focused platform OccamRazor.

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