Web3 startup Eterlast has left stealth mode having secured $4.5m (£3.9m) in funding for its blockchain-based gaming experiences.
Eterlast develops NFTs in association with sporting and media franchise partners. The digital assets can be collected by consumers and used as part of gaming experiences.
The company has begun the development of blockchain games based on the sports of boxing and rugby. The startup has raised fresh capital against a backdrop of a plummeting NFT market in which the number of NFTs sold and the average price has collapsed.
“We understand NFTs not as a product, but as a technology that enhances the experience of current use cases around gaming, collecting, and experiencing live events. With that view, we are building holistic ecosystems that bring those three elements together,” said Eterlast founder and CEO, Joan Roure.
“This funding will enable us to launch our first officially licensed products to the market and to build robust pillars to keep scaling.”
The company has said for the next 12 months it will be focused on building its user base and…
