a16z-backed blockchain game LootRush announces new game subscription

Tangier Akhtar

Last update:

March 26, 2024 11:20 EDT
| 1 minute read

Axie is an in-game asset of Axie Infinity

LootRush, a blockchain startup backed by venture capital firm Paradigm and Andreessen Horowitz (a16z), announces a new gaming subscription that will allow users to access non-fungible tokens (NFTs) from over 500 games on the platform starting today did.

San Francisco-based LootRush launched in May 2022 and is a crypto gaming platform that allows users to enjoy any game through NFT rentals.

LootRush said in an announcement that through the new subscription, users will be able to access NFTs that are not in stock. Other perks include rental discounts and premium support through his Discord.

The game allows NFT holders to monetize their assets on the platform. LootRush supports multiple blockchains including Ethereum’s mainnet, Ronin, Avalanche, Arbitrum, Coinbase’s Base network, and Polygon.

“The distinguishing feature of the LootRush subscription is the flexibility it gives users, allowing them to request almost any NFT and have it available for gameplay within 24 hours. Even with difficult assets, a diverse gaming experience is guaranteed,” LootRush CEO Anderson Ferminiano said in a press release.

‘Golden Ticket’ allows users to try ‘many games’

The CEO describes the new subscription as a “golden ticket” that will allow LootRush gamers to try out a variety of games. The price is divided into three stages, $15/month.

The first tier offers subscribers up to $250 in fee discounts and up to $100 in NFT request credits each month, and is aimed at casual gamers who want to explore the world of Web3 gaming.

“Think of our subscription as a golden ticket that lets you use special game pieces to try out lots of games without having to buy them one by one,” Ferminiano said. I did.

Gaming revenue will increase in 2024

According to a report by PwC, total global gaming revenue is estimated to increase from $227 billion in 2023 to $312 billion in 2027.

last week, Australian venture capital firm King River Capital, blockchain gaming company Immutable and Polygon Labs have announced they have partnered to launch a $100 million fund dedicated to gaming.

In 2023, blockchain gaming-related rounds are estimated to reach $1.7 billion. According to data from Messari, a cryptocurrency market intelligence firm. Immutable and Polygon Labs combined market share Blockchain accounts for 70% of all blockchain game development, following a year of significant growth for the industry as a whole.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button