C2X raises $25m via token sale

South Korean game publisher Com2uS has raised $25m via token sale as it plans to expand further into crypto and blockchain with its C2X blockchain gaming platform on Terra.

The money was raised in an investment round led by FTX Ventures (the investment arm of crypto exchange FTX), with games and metaverse investor Animoca Brands and crypto investment firm Jump Crypto.

Hashed, Crypto.com, Galaxy Interactive, Huobi Venture and Skybound also participated in the token sale.

A public listing was scheduled for March 21 with FTX holding a brief initial exchange offering (EIO) for the C2X (CTX) token.

C2X is built on Terra which is part of the Cosmos ecosystem and also hosts the UST stablecoin. Terra’s LUNA coin is currently ahead of Avalanche (AVAX) and Solana (SOL), proving the seventh-largest cryptocurrency by total market cap.

Several upcoming crypto-powered games are said to be hosted by C2X, with the company planning to launch more than 10 games during 2022. These include play-to-earn games like Gold Star, Crypto Superstars and Summoners War: Chronicles.

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Source

Updated: 03/21/2022 — 14:00