LootRush closes a $12M seed round led by Paradigm to bring affordable NFTs to the masses
LootRush moves closer to its objective of making NFTs affordable for crypto gaming by securing $12 Million in a seed round before launch.
The California-based NFT marketplace closed $12 Million in a seed round led by Paradigm firm to support its goal of making crypto-gaming friendly, affordable, and enjoyable for all.
Commenting on the vision of the startup, the CEO Anderson Ferminiano said:
“At LootRush, we are focused on creating an easy way to enable NFT gaming for all players, regardless of their financial capacity or technical knowledge.
To allow gamers to have such an affordable and easy experience, we’re building an abstraction layer with different blockchains that are very easy to use and partnering with NFT owners to make a large amount of game NFTs available on our platform for an affordable price.”
He further added:
“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. To help us, we decided to raise capital to facilitate planned growth while maintaining our spirit and our mission.”
One of Silicon Valley's most prominent venture capital firms, Andreessen Horowitz was also a major contributor in the seed round.