RACA Raises $16 Million in Financing with DXF Labs Leading Investment

04/06/2023 22:42 • Tech Trends • 116 views

According to reports, Web3 company RACA has completed a $16 million financing, with DWF Labs leading the investment. This transaction includes the purchase of an unknown quantity of RACA tokens. The company has launched the R3 gaming infrastructure, SimCity style sandbox game USM.WORLD, social party game Looki Looki Jazzi, cross game DID wallet JAZ, and NFT market. DXF Labs has become one of the most active investors during the cryptocurrency bear market. Recent investments include raising $20 million for the derivatives trading platform Synthetix and $40 million for the AI focused encryption protocol Fetch.ai.

Web3 company RACA completed a $16 million financing, led by DWF Labs

Technology companies have always been at the forefront of innovation and development, striving to make the world a better place through their products and services. The same can be said of Web3 company RACA, which has recently completed a $16 million financing round, with DWF Labs leading the investment.

The Investment and Token Purchase

DWF Labs is a venture capital firm specializing in blockchain technology and cryptocurrencies. This transaction includes the purchase of an undisclosed amount of RACA tokens, the utility token for the R3 gaming infrastructure. This latest investment has shown the confidence DWF Labs and other investors have in RACA and its vision for the future of blockchain gaming and NFTs.

The R3 Gaming Infrastructure

One of RACA’s main offerings is the R3 gaming infrastructure, which provides a comprehensive blockchain gaming platform for developers and gamers alike. This infrastructure powers a variety of games, including the SimCity style sandbox game USM.WORLD, the social party game Looki Looki Jazzi, and the cross-game DID wallet JAZ. R3 also offers an NFT market, where users can buy, sell, and trade non-fungible tokens.

DXF Labs’ Investment Strategy

DXF Labs has become one of the most active investors during the cryptocurrency bear market, investing in a range of blockchain-focused companies. Their recent investments include raising $20 million for the derivatives trading platform Synthetix and $40 million for the AI-focused encryption protocol Fetch.ai. DXF Labs has shown that it has a deep understanding of the potential of blockchain technology and its transformative impact on various industries.

Conclusion

The investment from DWF Labs and other investors demonstrates the growing interest and potential of blockchain gaming and NFTs. RACA’s R3 gaming infrastructure offers a comprehensive and innovative platform for developers and gamers, and the investment will undoubtedly help the company continue to grow and develop new products and services.

FAQs

What is RACA’s R3 gaming infrastructure?

RACA’s R3 gaming infrastructure provides a comprehensive blockchain gaming platform for developers and gamers. It powers a variety of games, including the SimCity style sandbox game USM.WORLD, the social party game Looki Looki Jazzi, and the cross-game DID wallet JAZ. R3 also offers an NFT market.

Who led the investment in RACA?

DWF Labs led the investment in RACA, purchasing an undisclosed amount of RACA tokens.

What other companies has DXF Labs invested in?

DXF Labs has invested in a range of blockchain-focused companies, including Synthetix and Fetch.ai.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/04/06/raca-raises-16-million-in-financing-with-dxf-labs-leading-investment/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.