Blockchain investment firm Sanctor Capital recently made a strategic investment in Project Rainicorn. This move is to support the continued development of the much anticipated play-to-win game called The Lords of Light. You can find the details of the GameFi altcoin RAINI and the 20 million dollar investment in the continuation of the content.
What is the GameFi altcoin project Rainicorn (RAINI)?
Rainicorn is a deflationary NFT farming token that allows holders to mint limited edition NFTs and trading cards created by established and emerging artists. Also, a card game is on the way and physical fulfillment of NFT elements will be an important part of the platform. Platform revenue will be used, in part, to offset fees arising from smart contract interactions with the Ethereum Blockchain, and another component will be used to repurchase and burn tokens. Thus, upward pressure is expected on the price.
RAINI is currently trading at $0.1738 and has a market cap of $82,175,100. Let’s continue with the details of the Sanctor Capital investment…
Sanctor raises $20 million for startup fund
Capital is earmarked for projects such as DeFi, GameFi and cross-chain infrastructure development. GameFi altcoin project Raini has developed a clever approach to integrating multiple innovative hybrid products integrating NFTs into DeFi concepts. As a result, it will then be packaged into a single network that can only be accessed via a staking model. Dubbed the “Rainiverse,” this ecosystem includes The Lords of Light’s just 2,000 card packs and a famous play-to-win incentive design.
cryptocoin.com Sanctor’s strategic investment requires a comprehensive approach to financing and a place in the Turbo program. This program aims to provide Web3 innovators with the tools they need to see rapid growth and development. These tools cover marketing, networking, distribution and development assistance. Ilya Abugov, a Sanctor Partner, said of the partnership:
Rainiverse has combined art and games in an exciting, community-driven way. The art platform they curated has become an understated crypto destination, and The Lords of Light promises to infuse new crypto life into the card game concepts many of us grew up with. Raini is more than an art platform, more than a gaming platform, and that’s just the beginning.
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