C2X, the platform dedicated to blockchain gaming launched last December and carried by the South Korean company Com2uS, has just raised $25 million, bringing its total valuation to $500 million. Big names in the blockchain ecosystem are present, such as FTX Ventures, Crypto.com, Animoca Brands or the blockchain Terra (LUNA). A capital injection that will allow the platform to release new video games later this year.
C2X valued at $500 million
The platform focused on blockchain gaming C2X announced that it has raised $25 million in a private token sale, boosting its valuation to $500 million in just a few months of existence.
Indeed, the structure had been announced in December 2021 under the aegis of the South Korean game development company Com2uS, to which we owe notably the famous mobile game with more than 100 million players Summoners War: Sky Arena.
The round was led by FTX Ventures, Sam Bankman-Fried’s investment fund, alongside Animoca Brands and Jump Crypto, 2 funds also specialized in investing in the crypto-currency ecosystem and metavers in general. Moreover, in parallel, FTX has scheduled an IEO on March 21 for the CTX token, that of the C2X platform.
We will also note the presence of the Crypto.com platform as well as other investors such as the blockchain Terra (LUNA), Hashed, Galaxy Interactive, Huobi Ventures and Skybound.
A gaming project based on the Terra blockchain
Terra’s investment in this private token sale is not surprising, however, as C2X takes place directly on its blockchain, due to its “remarkable growth and support for various features as well as its developer-friendly environment,” according to the project’s whitepaper.
C2X is expected to host its play-to-earn game Summoners War: Chronicles in the near future, which will be available on iOs, Android and also on Windows. In parallel, more than ten games should be released across the platform by the end of the year.
So we’re eagerly waiting to see if these games will be as successful as the original Summoners War: Sky Arena, which has generated more than $2 billion in profit for the company since its launch in June 2014. In any case one thing is for sure, C2X is in good hands and seems to have managed to attract the interest of big names in the blockchain ecosystem.
