It's not new to see the blockchain games getting the millions in funding. A lot of games are being funded for millions despite in the prototype stage. And they are basically making it's worth out using NFTs and the subscription. Which works out for most of the games and the lore based games. There are also the card games which are funded and building up on the revenue there.
Same way Magiccraft gets the funding from the GEM Digital. And they made a post about it on the Twitter.
So who is this investor GEM Digital? And what they are going to do with the magic craft? This investor invests into variety of the digital assets which includes gaming, cloud and other digital companies. They are into centralized exchanges, custom blockchains and also they are having a presence of around 72 nations.
This 10 million of funds would be divided into investment of around 2 year mark. And then they would be reviewing the performance and that would kind of push the brand and the profit as the time goes on. Which means the investment is on the basis of the growth. So we have plenty of things to explore here for magiccraft's upcoming updates.
So what is magiccraft? And how is their gameplay?
Blockchain gaming is mainstream and in short time a lot of companies and the owners are getting rich. This is because the established companies also make quicker money and consistent money over a period of time. Which goes to show that blockchain is new money maker over stocks and bonds for the big business.
