$ 82,959.8
$ 1,791.38
$ 0.6496
$ 593.35
$ 115.35
Mar 28, 2022
by Jafrin Ahmed
Harmony Invests in LootMogul Gaming Metaverse
Blockchain platform Harmony has announced investment in LootMogul, an influencer-led crypto gaming and metaverse community
Harmony Announces Investment in LootMogul
Lootmogul’s metaverse engagement model is led by sports influencers from NFL, NHL, NBA, WNBA, MLB, ICC, Olympics, college and high school sports, among others. This is done by creating sports lands and arenas, gaming while allowing the opportunity to earn crypto and NFTs while enabling experiences with celebrities, etc.
“LootMogul has a unique product positioning in the sports metaverse with star athletes and real-world premier sports and entertainment industry benefits. This investment is a part of our $300M ecosystem fund, which offers grants and investments to projects that share our vision to build a blue metaverse, the Harmony metaverse,” Danny Carranza, a core member of Harmony, said in the announcement release.
Commenting on the development, Raj Rajkotia, founder and CEO of LootMogul.com said:
“At LootMogul, we are continuing to offer robust solutions to our sports community through scalable blockchain and strategic partnerships. The partnership with Harmony allows us to build a scalable product for our entire sports and crypto community.”
Harmony is a cross-chain blockchain platform that was launched as part of Binance Launchpad's initial exchange offering (IEO) in 2019. The platform can run Ethereum-based dApps in only 2 seconds with 100 times lower transaction fees.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.
Related News
LIVE CRYPTO NEWS
Binance User Loses $4M+ on SHIB Amid Price Dip
A substantial loss has been reported on the Binance exchange, where a user holding a significant amount of Shiba Inu (SHIB) has incurred over $4 million in losses du ...
Sujit KumarApr 2, 2025
LIVE CRYPTO NEWS
Dogecoin's April Surge: Historical Data Points to Breakout
Dogecoin (DOGE), the popular meme coin, is once again capturing attention as historical price data for April suggests the potential for an explosive breakout. Market ...
Sujit KumarApr 2, 2025
LIVE CRYPTO NEWS
Tether Increases Bitcoin Reserves with $735M Purchase
Tether, the issuer of the widely used stablecoin USDT, has made a significant move by purchasing $735 million worth of Bitcoin. This substantial acquisition undersco ...
Sujit KumarApr 1, 2025
LIVE CRYPTO NEWS
SEC Advances $150 Million Lawsuit Against Elon Musk Amidst Allegations
The Securities and Exchange Commission (SEC) has announced it is moving forward with a significant $150 million lawsuit against Elon Musk, escalating the ongoing leg ...
Sujit KumarApr 1, 2025
LIVE CRYPTO NEWS
XRP's Dramatic Price Fall Leads to Market Disappointment
XRP has recently witnessed a sharp decline in its market value, plunging below the critical $21 mark. This downturn has positioned XRP as the worst-performing altcoi ...
Sujit KumarMar 31, 2025