- Nitro League has received $5 million in investment in a play-to-earn racing game.
- The decentralized mobile game has forayed into the Metaverse.
- The Nitro League makes good use of NFTs entertainingly and profitably.
As seen by its recent success, Nitro League, a play-to-earn mobile racing game, is attracting much-needed investor attention. The team behind the decentralized next-generation gaming platform is pleased to announce that it has received $5 million in funding from several well-known investors.
The platform will enter the race to incorporate Metaverse into its ecosystem due to the newly acquired money. Led by SL2 Capital, prominent participants in the funding round include 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.
Nitro League is the first of several initiatives from Hotwire Studios, which has pioneered mobile-first GameFi infrastructure and a simple onboarding process for guilds. Additionally, Hotwire just secured $10 million from well-known tier-one investors.
Nitro League has its own set of features to give customers a dynamic gameplay experience with excellent tokenomics and NFT compatibility. It also has a multi-token economy, allowing users to own, sell, and trade in-game things.
All participants in the Nitro League metaverse can race against each other, perform objectives, and rise through the ranks to form a clan. As clan chief, though, you will require street credit, which will allow you to increase your automobile fleet. Similarly, adding members to the clan will benefit the DriveTribe in the Nitro Arena.
To give you a taste of the Nitro League universe, the play-to-earn racing game is set in the year 3050. Clans have gained control of the planet, and governments have vanished. Rather than waging wars, disputes are addressed by racing in the Nitro Arena. Furthermore, every victory grants rank, power, honor, and fortune, as well as REP, XP, and other benefits.
Nitro League’s nearly 500 million downloaders may utilize their current NFTs in the Nitro League Arena, an exciting feature. For example, in the play-to-earn racing business, a CryptoPunk holder can use non-fungible tokens (NFT) to create remarkable personalization.
Nitro League’s staff, in particular, are dedicated AAA blockchain game creators. Delphi advisors and the co-founder of Holochain designs are also working on the multi-token economy. Not to add that YGG is in charge of the scholarship model advising, which will be vital in the game’s future.