SNACKCLUB Secures $9M in Seed Funding, Preps to Launch DAO -Breaking
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SNACKCLUB Receives Seed Funding of $9M and Preps for Launching DAO- SNACKCLUB Web3 Startup Wins $9 Million in Seed Funding Round
- This is for DAO’s launch.
- SNACKCLUB is the sister company of the Brazilian gaming platform — LOUD.
SNACKCLUB has raised $9M in a seed funding round. This is a Web3-based startup, and a new affiliate for gaming platform LOUD. Funding was required to establish a decentralized autonomous organisation (DAO) that will reimagine gaming ownership.
LOUD is acclaimed as Brazil’s largest esports and gaming lifestyle group. Blockchain gaming is the next frontier in work for youth players from developing nations.
Web3 is also a popular tool that allows you to transfer in-game currency to an external wallet. This provides rare assets and liquidity, which can be used to create new economic opportunities. This enabled SNACKCLUB’s DAO to be launched.
Then after, SNACKCLUB will soon operate under a community leadership structure that allows fans to participate in the company’s operation by voting on major decisions. The voting session is free and open to anyone over 18 with an internet connection.
Jean Ortega was co-founder and Managing partner of SNACKCLUB.
LOUD was always a community-focused organisation. SNACKCLUB will increase that commitment by investing into the platform and technology partners that will enable us to enjoy the benefits of blockchain gaming. We have a long way to go, but these investments will change the how and why behind a gamer’s decision to play.
Specifically, the majority of the platform’s ownership and governance rights will be reserved for community onboarding only after the company owners and investors finalize the strategic vision. Animoca Capital was represented by Formless Capital (OP Crypto), Jump Crypto, Shima Capital and Jump Crypto.
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