SNACKCLUB, a sister company to e-sports giant LOUD, has concluded seed funding round and is getting closer to DAO launch
The recently launched SNACKCLUB will change the game when it comes to digital token ownership with a focus on play-to-earn, GameFi and Metaverse segments.
SNACKCLUB completes $9 million seed funding round, Animoca Brands is onboard
According to the official annoucnement shared by SNACKCLUB, its team has successfully completed a seed funding round.
The net volume of funds raised exceeded $9 million. The round generated contributions from high profile venture capitalists including Animoca, Ascensive Assets, Formless Capital, Jump Crypto, Mechanism, OP Crypto and Shima Capital.
Fresh funds will fuel the creation of the decentralized autonomous organization (DAO) that is set to advance the mechanism of ownership in decentralized games.
Jean Ortega, co-founder of LOUD and managing partner of SNACKCLUB, is convinced that his product will make the GameFi and play-to-earn segments more democratic and inclusive:
LOUD has always been a community-first organization. SNACKCLUB will elevate that commitment by investing in the technology, platform, and publishing partners that will bring the potential of blockchain gaming to our community. We have a long way to go, but these investments will change the how and why behind a gamer’s decision to play.
Growing global organization focused on the gaming community
Marc Weinstein, a partner at Mechanism, the lead investor in the round, is fascinated by SNACKCLUB’s focus on developing countries and their blockchain gaming communities:
As LOUD’s sister company, SNACKCLUB is launching with access to an immediate and passionate community who are anxious to explore the future of gaming. We’re thrilled to support SNACKCLUB’s efforts to realize that future by providing an ecosystem that promotes ownership, fairness, and transparency, especially for a region where even a little income could go a long way. This is an exciting season for gaming, and we can’t wait to define its potential alongside our new partners.
The new DAO is intended to support, educate and build a community of active gamers among the enthusiasts of LOUD’s 300 million social media audience.
Community participants, in turn, will play in newly launched GameFi titles in a profitable, newbie-friendly and resource-efficient manner. In particular, SNACKCLUB is going to rely on its presence in Latin America, one of the next-gen technology hubs.
