Video games maker Legendary Video games has secured $37 million in Collection C1 funding and plans to launch a brand new market and pursue different revenue-generating initiatives. With this funding, Legendary will proceed to keep up unicorn standing at a valuation of over $1 billion.

“Our focus is on optimizing our enterprise to achieve profitability by year-end, and the funds will primarily be utilized in our efforts to attain that,” stated John Linden, co-founder and CEO of Legendary Video games Cointelegraph.

The spherical was led by Scytale Digital with ARK Make investments, Animoca Manufacturers, MoonPay, PROOF VC and Stanford Athletics, and former traders Addresseen Horowitz, WestCap, Gaingels, Signum Progress and Struck Capital. Legendary expects to boost a further $20 million to $30 million in capital within the coming months when the complete funding spherical is predicted to shut.

The writer plans to launch its new sport Nitro Nationwide World Tour in a couple of months, for which non-fungible tokens (NFTs) have been pre-sold since February. As well as, the funds will probably be used to develop an in-game market for one more title, NFL Rivals, which not too long ago topped 1,000,000 downloads.

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“Nitro Nation World Tour would be the third sport in our portfolio and is predicted to launch within the subsequent few months. We nonetheless have a number of video games in improvement that we’ve not introduced but,” Linden commented.

Legendary not too long ago introduced Legendary Chain’s migration from the Ethereum blockchain to the Polkadot ecosystem, stating that Ethereum’s sluggish transaction speeds and high transaction prices led to this choice. “The rationale for this transfer is that Ethereum is just not optimum or superb given the rising calls for of our platform. […] “We would have liked a blockchain accomplice keen to develop with us,” defined Legendary’s CEO.

With $29 million in income within the final 30 days, Legendary is likely one of the prime blockchains when it comes to NFT income quantity. The brand new fund is an enlargement of earlier fundraising, together with $225 million secured in two rounds in 2021.

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