C2X raised $25 million in a funding round led by FTX Ventures, Jump Crypto and Animoca Brands. This round was conducted as a private token sale, at a $500 million valuation to the platform.
The private token sale saw participation from a marque list of investors including FTX Ventures, Jump Crypto, Animoca Brands, Hashed, Terra, Transcend Fund, Galaxy Interactive, Skybound, Blockchain Coinvestors, DeFiance Capital, Play Ventures, Crypto.com, Infinity Ventures Crypto, Unanimous Capital, Bowei, Xsolla, Huobi Ventures, Goal Ventures, Concept Art House, Agnitio Capital and Formless Capital. These investors were selected given their prominence and history of leading ventures in their respective industries, including Gaming, Crypto, DeFi, Blockchain and entertainment.
C2X is a global leader in the development of Web3 gaming architecture, advancing the industry forward through the use of decentralized finance. The Platform is built on Terra, an application-specific blockchain built on the Cosmos SDK and Tendermint consensus, which ensures that all assets and data needed will remain secure, transparent and tamper-proof. The Terra blockchain enables developers to build on a robust ecosystem that rewards both users and creators.
“C2X is revolutionizing the blockchain gaming ecosystem by providing a platform that actively supports both its users and creators. As part of our long-term growth strategy, we are actively seeking out strategic endeavors that will exponentially increase the expansion of C2X. FTX has achieved tremendous success since its launch just over 3-years ago, and its ability to provide global users access to the digital asset ecosystem in a regulated manner made them the obvious choice for the IEO. The funds raised and today’s IEO will provide us with the necessary capital and global exposure to provide investors with additional value throughout C2X’s existence.” — Paul Kim, Director of MetaMagnet Ltd.
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