DWF Labs has invested $16 million in RACA to promote the Web3 gaming ecosystem.
The investment by DWF Labs amounted to a total of $16 million in funding and purchase of RACA tokens. RACA has now rolled up its sleeves for a gaming platform on Web3.
RACA Is Working For The Blockchain Gaming Ecosystem
A blockchain-based gaming ecosystem, which is the main reason for the investment RACA has received, is attracting a lot of attention these days. Blockchain has evolved from managing Elon Musk’s mother’s NFT collection to a Steam-like Blockchain gaming ecosystem.
Market maker and investment firm DWF Labs has invested a total of $16 million in Web3 company RACA, a deal that includes buying an unspecified amount of RACA tokens. The funding will help RACA continue its goal of being a comprehensive Web3 gaming ecosystem.
The company announced the details in a tweet thread.
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🚀 Born as bidding token with Maye Musk NFT, RACA has evolved into a robust web3.0 gaming ecosystem! 🎮🙌 Thanks to seed investors: @TachyonAccel, @OKX_Ventures, strategic investors: @DWFlabs, one Malay gaming guild and one large #HKEX-listed AI industry leader & more! https://t.co/wy4J5tf0SV
— RACA.bab (@RACA_3) April 5, 2023
Founded in 2021, RACA (formerly Radio Caca) appeared as the manager of Elon Musk’s mother, Maye Musk’s NFTs. After that, the company launched an R3 gaming infrastructure, the SimCity-like Sandbox game USM.WORLD, the social party game Looki Looki Jazzi, the cross-game DID wallet JAZ, and an NFT marketplace.
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