{"id":13971,"date":"2022-09-21T00:56:38","date_gmt":"2022-09-21T00:56:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sports-metaverse-startup-lootmogul-gets-200m-funding\/"},"modified":"2022-09-21T00:56:38","modified_gmt":"2022-09-21T00:56:38","slug":"sports-metaverse-startup-lootmogul-gets-200m-funding","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sports-metaverse-startup-lootmogul-gets-200m-funding\/","title":{"rendered":"Sports Metaverse Startup LootMogul Gets $200M Funding"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>LootMogul, an athlete-led sports metaverse startup, has received\u00a0a $200 million investment commitment from Global Emerging Markets (GEM) Global Yield, allowing the platform a subscription facility of up to\u00a0$200 million\u00a0for a 36-month term following an equity exchange listing. Funds  will be withdrawn in exchange for equity shares to GEM.<\/p>\n<p>LootMogul\u00a0is an athlete-led sports web 3 platform powered by virtual real estate, training academies, blockchain games, meta shops for brands and athletes with in-real-life (IRL) rewards<\/p>\n<p>The new capital, will aid in expanding the LootMogul\u2019s metaverse, the company said in a press release, \u201cwhich includes building meta (virtual) sports cities  around the world with real world benefits, brands &amp; professional athletes on a true cross metaverse &amp; blockchain (multi-chain) platform on multiple devices such as Oculus, HoloLens, Web, Mobile &amp; Console.\u201d<\/p>\n<p>In August, LootMogul signed a deal with open-source blockchain DigitalBits for the creation of a native token for  its gaming ecosystem, MOGUL.<\/p>\n<p>With investments of 3.4 billion in a diverse set of investment vehicles, GEM has been actively sourcing, structuring, and investing in utility tokens and startups. In June, the investment group <a href=\"https:\/\/igaming.org\/crypto\/gem-digital-limited-invests-110m-in-blockchain-carbon-certificate-generator-ecowatt\/\">invested $110 million in EcoWatt<\/a>, a new frontrunner in blockchain-powered renewable energy.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/sports-metaverse-startup-lootmogul-gets-200m-funding\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) LootMogul, an athlete-led sports metaverse startup, has received\u00a0a $200 million investment commitment from Global Emerging Markets (GEM) Global Yield, allowing the platform a subscription facility of up to\u00a0$200 million\u00a0for a 36-month term following an equity exchange listing. Funds will be withdrawn in exchange for equity shares [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13971"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=13971"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13971\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/13972"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=13971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=13971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=13971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}