Game innovator Hotwire Studios shares fundraising details for new product
The Nitro League mobile racing-themed play-to-earn game concludes its strategic funding round with top-notch crypto-focused VCs on board.
Nitro League Racing Strategy Secures $ 5 Million Funding
According to a press release shared with U.Today, Nitro League, a new mobile racing game created by one of the top Hotwire studios, has successfully concluded its private round of token selling.
A total of $5 million were secured by a clutch of reputable VCs, including the likes of YGG Southeast Asia, Morningstar Ventures, Axia8 Ventures Yolo.io, Skyman Ventures, YGG Global, Double Peak, LD Capital, ExtraWatts, Calisto Capital, Infinity Ventures Crypto, NGC Ventures and Woodstock.
Blockchain-focused venture capital conglomerate SL2 Capital led the round. Recently, the producers of Nitro League, software developers Hotwire Studios, also secured $ 10 million in funding from Tier 1 funds.
Nitro League created a sophisticated racing-themed strategy game. Its players can compete in racing challenges, race against each other, complete missions and form guilds of street racers.
Nitro League IDO will take place on Polkastarter on December 13
The concept of non-fungible tokens is the central element of product tokenomics. All drivers, cars, and other in-game items can be traded, traded, stored, and guaranteed on third-party platforms as NFTs.
Nitro League CEO, Zaynab Tucker, stresses the unique and revolutionary character of the proposition of his project as well as its novel design and eccentric gameplay:
We aim to shake up mobile gaming with the latest technology in the market. It’s not always about inventing a new idea, it’s just about getting rid of old ones. I think we can take advantage of NFTs in a fun and lucrative way. You get the excitement of racing while creating your own niche community. It’s the best of both worlds.
Yesterday, on Dec. 7, 2021, the project opened a whitelist for its initial decentralized exchange offering on Polkastarter. The IDO of NITRO will take place on this mainstream platform on Dec. 13.
