GameFi NFT Startup Lootex Nabs $9 Million in its Seed Round

Gaurav Roy
12.01.2022

Multi-chain non-fungible token (NFT) marketplace, Lootex has raised $9 million in its seed funding round. The funding was co-led by Spartan Capital, Infinity Ventures Crypto, LD Capital, and Akatsuki.

The funding round also saw participation from several other investors including, SweeperDAO, YGG SEA, Polygon Studio, HTC, Avocado Guild, Cherubic Ventures, Palm Drive Capital, Evernew Capital, Morningstar Ventures, Huobi Ventures, OKEx Blockdream Ventures, NGC Ventures, Petrock Capital, Panony, Yolo Investments, Kosmos Ventures, among others. Individual investors Kevin Lin, Holly Liu, Patrick Lee, and Kun Gao also participated in the round.

Founded by David Tseng and Justine Lu, Lootex is a Taiwan-based player-centric cross-chain NFT trading platform that provides a fraud-free, cross-blockchain ecosystem for transparent trading powered by smart contracts. The platform allows players to buy avatars, supplies, and virtual land for NFT games.

The company has already partnered with over 50 blockchain-based games like Block Monsters, RPS League, Neon District, Olympus Royale, Art of War, Bluca, among others.

Currently, the platform features more than 12,000 NFTs across 500 collections. It is an easy-to-use interface that allows gamers to buy their desired product and even monetize their skills.

The fundraising will help the company to further develop its trading platform and grow its operations.

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