Ertha Metaverse raises $5.4 million in funding after IDO launch

P2E NFT game Ertha raised $5.4 million in funding. Image from medium.com
P2E NFT game Ertha raised $5.4 million in funding. Image from medium.com

Key Takeaways:

  • Play to earn game Ertha raised $5.4 million in funding.

NEW DELHI (CoinChapter.com) — Play to earn game Ertha Metaverse announced the completion of its funding round in which the gaming platform raised $5.4 million.

The funding comes when the Metaverse is witnessing growing interest from investors, developers, and big tech firms. In detail, the Metaverse is a digital world that exists beyond analog, combining virtual reality (VR), augmented reality (AR) with social media, online gaming, and cryptocurrencies to allow users to interact digitally.

Ertha’s latest funding came from private investors. Some of the industry’s prominent investors, including LD Capital, Polygon Syndicate, OKEx Blockdream Ventures, Genblock Capital, Dialectic Momentum 6, X21, and Terranova, joined the funding round.

Also Read: Adidas apologizes for “Into The Metaverse” NFT minting slug.

The latest funding announcement comes at the heels of the company’s recent IDO launch. Earlier in Dec, the P2E game launched raised $800,000 from its three IDO rounds. Ertha partnered with Seedify, GameFi, and RedKite to launch its offering.

The increasing popularity of Metaverse acts as a catalyst to an already booming play to earn industry. Users playing P2E games can monetize their winnings in the game in real life. Moreover, users can mint gaming collectibles like special characters, skins, or particular scenes from the gameplay as NFTs.

We have no hesitation to invest in Ertha after first call with Ertha team. They have proven track record in both gaming and crypto industries. Coronavirus pandemic has forced governments to take various lockdown measures which placed a huge pressure on economies and businesses.

Xi Li, Partner at LD Capital, said

What is Ertha Metaverse?

Ertha Metaverse is a play-to-earn NFT-based game in the BSC blockchain ecosystem. Ubisoft’s Heroes of Might And Magic was a likely inspiration for the game. In essence, the game replicates a real-life environment that requires users to perform specific actions to earn a living.

Also Read: METAMUSK Token, another cryptocurrency scam from Musk Metaverse?

Like Sandbox, Ertha Metaverse consists of 350,000 HEX land plots that users can purchase or own as NFTs. However, Ertha is a real-world replica with actual countries and geography. In addition, the game opens up multiple playing options to collect taxes, fees, etc.

Ertha Metaverse’s native token is ERTHA that players can use for in-game governance or trading in NFTs. Additionally, players can use the Ertha Metaverse token to purchase digital real estate or character upgrades.

In a Dec 29 tweet, Ertha metaverse announced that its native token would list on Huobi on Jan 4, 2022. Furthermore, the listing would certainly be a bonus for the token’s price action, as investors and traders usually consider listing as a bullish indicator

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Ertha Metaverse, Ertha Metaverse raises $5.4 million in funding after IDO launch

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