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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.