C2X, a blockchain gaming platform, raised $25 million in a private token sale, valuing it $500 million.

Galaxy Interactive, Huobi Ventures, Crypto.com, and blockchain gaming startup fund Hashed were among those that participated in the sale, which was led by FTX Ventures, Animoca Brands, and Jump Crypto.

The investors for the private token sale were chosen based on their broad portfolios and experience investing in a blockchain gaming platform, cryptocurrency, and entertainment.

C2X will use the new capital to establish and extend its gaming platform on the Terra blockchain, operated by MetaMagnet Ltd. and developed with South Korean game producer Com2us.

In 2022, the business expects to release more than ten gaming titles. It has already announced the release of “Golf Star” and “Crypto Superstars,” two play-to-earn games. During the auction, C2X also revealed plans to establish its own publicly traded coin. On Monday, the “$CTX” token was made public.

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Animoca Brands raised $360 million in new capital, valuing the investor in over 150 NFT, metaverse, and blockchain gaming platform startups at $5.4 billion.

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FTX, a cryptocurrency exchange that has relied primarily on sports and blockchain gaming platforms agreements, raised $400 million in Series C funding in the same month, valuing the company at $32 billion.

The Platform’s governance token, $CTX (C2X), has been publicly listed on FTX, a leading global cryptocurrency exchange, and Huobi, one of the world’s leading digital asset exchanges. MetaMagnet Ltd., the operator of the universal blockchain gaming platform built on the Terra blockchain, C2X (“the Platform”), announced today that the Platform’s governance token, $CTX (C2X). It has been publicly listed on FTX, a leading global cryptocurrency exchange, and Huobi, one In addition to the public listing. C2X announced the debut of C2X Station, a native to the Platform digital wallet that will allow developers and users to utilize C2X’s services transparently and securely fully. C2X offers a complete blockchain gaming platform solution, including token economics, NFT marketplaces, and wallets.

C2X held its initial public offering (IEO) on March 18, 2022, and just announced a $25 million initial private round with investors from both traditional and decentralized finance. Each participant has made a name for themselves as ardent proponents of digital assets by launching successful businesses in their respective areas, such as gaming, crypto, DeFi, blockchain gaming platform, and entertainment.

Paul Kim, Director of MetaMagnet Ltd., said, “C2X’s listing on renowned crypto exchanges such as FTX and Huobi is a huge step forward for the company. Our Blockchain gaming Platform is at the vanguard of web3 gaming. By working with global exchanges, we’re bringing our ecosystem to a wider audience in the digital asset landscape, allowing a broader audience to access our Platform. We’ve taken another big step forward in creating a premium web3 gaming experience for developers and gamers worldwide with the recent private round, public listing, and launch of the C2X Station digital wallet.”

C2X Station, a digital asset wallet where users may safely store the C2X token, which will function as the Platform’s hub, was also introduced by the Blockchain gaimg Platform. C2X Station is a digital wallet with ‘digital asset management and swap capabilities,’ allowing users to manage their C2X token holdings, strengthen the NFT marketplace’s operations, and quickly switch tokens in and out of the many blockchain games developed C2X. As new features, including ‘Voting,’ ‘NFT Management,’ and ‘InGame Converter,’ is added to the Platform’s industry-leading capabilities, the wallet will play an increasingly important role in the C2X ecosystem. C2X Station may be downloaded via Google Play and the Google Chrome Extension.

Hello #C2X Explorers!

We’re proud to announce the closing of our $25M funding round led by @FTX_Official @jump_ and @animocabrands.

We selected these partners based on their history in leading ventures in their industries.

Full Press Release: https://t.co/SHlcEwlV2a pic.twitter.com/XCd8eLPAHl

— C2X (@C2X_WORLD) March 18, 2022

C2X was created to create a standard for the blockchain gaming platform that will continue to evolve in the future. It was developed by Com2uS Group with Terraform Labs and Hashed as advisors. The Platform’s highly scalable design makes it simple for users to manage all digital assets tied to it, and its governance token makes all service choices and operations of the games built on the ecosystem public. It’s a virtuous cycle environment in which all users and creators benefit from a high standard of stability, fairness, and transparency, and it’s meant to be a good direction for current blockchain gaming platforms.