Snackclub gaming DAO is raising funds at a $100 million valuation

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Blockchain gaming community Snackclub is set to close a Series A round at a $100 million valuation

tokens — which confer ownership and governance rights to holders — will be reserved for the community,nd investors have finalized a strategic vision later this year.

The DAO plans to mobilize Loud’s fanbase across its social media platforms and focus on content and media that reflects Loud’s brand, according to the release.The $9 million seed round gave investors a Simple Agreement For Future Equity and token warrants. Investors like Mechanism Capital, Ascensive Assets, Animoca Brands, Jump Crypto and OP Crypto participated in the seed round.

The proceeds of the Series A round will go towards research and development as well as the DAO’s investment arm, Cazzola said.shows that NFT and gaming startups have been particularly popular among investors in the wider blockchain sector over the past 12 months.© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

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