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RACA Secures $16 Million Funding with DWF Labs Leading the Investment: What to Expect from its R3 Gaming Infrastructure

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According to reports, Web3 company RACA has completed a $16 million financing, with DWF Labs leading the investment. This transaction includes the purchase of an unknown quantity o

RACA Secures $16 Million Funding with DWF Labs Leading the Investment: What to Expect from its R3 Gaming Infrastructure

According to reports, Web3 company RACA has completed a $16 million financing, with DWF Labs leading the investment. This transaction includes the purchase of an unknown quantity of RACA tokens. The company has launched the R3 gaming infrastructure, SimCity style sandbox game USM.WORLD, social party game Looki Looki Jazzi, cross game DID wallet JAZ, and NFT market. DXF Labs has become one of the most active investors during the cryptocurrency bear market. Recent investments include raising $20 million for the derivatives trading platform Synthetix and $40 million for the AI focused encryption protocol Fetch.ai.

Web3 company RACA completed a $16 million financing, led by DWF Labs

Introduction

Web3 company RACA has successfully secured $16 million funding, with DWF Labs leading the investment. This investment includes the purchase of an undisclosed amount of RACA tokens. The company has also launched several projects including the R3 gaming infrastructure, SimCity style sandbox game USM.WORLD, social party game Looki Looki Jazzi, cross-game DID wallet JAZ, and an NFT market. With DXF Labs being one of the most active investors during the cryptocurrency bear market, this latest investment adds to their successful funding rounds for derivatives trading platform Synthetix and AI-focused encryption protocol Fetch.ai. In this article, we’ll take an in-depth look at RACA’s R3 gaming infrastructure and what this investment means for the company.

R3 Gaming Infrastructure

The R3 gaming infrastructure is a decentralized platform that aims to streamline the creation, management, and interaction of any game or gaming ecosystem. This platform provides developers with a set of tools and services that enable them to build compelling games that are lightweight, portable, and interoperable across different platforms. The R3 gaming infrastructure comprises a robust set of APIs, SDKs, and tools that support the creation, management, and development of games.
One of RACA’s most notable achievements with its R3 gaming infrastructure is the introduction of USM.WORLD. Dubbed as a “SimCity style sandbox game,” USM.WORLD is a game that enables users to create and manage their virtual world, with the ability to monetize the game. The game is built on the Ethereum blockchain, with users able to buy and sell virtual land, buildings, and other assets using RACA’s native token (RACA).
Another notable game that RACA has launched is Looki Looki Jazzi, a social party game that allows players to interact with one another in a virtual party setting. The game is built on the R3 gaming infrastructure, which provides developers with the tools to build games that can operate across different networks and blockchain protocols.

Cross Game DID Wallet

In addition to the R3 gaming infrastructure, RACA has also built a cross-game DID wallet known as JAZ. The JAZ wallet is a decentralized identity (DID) wallet that enables players to store and manage their in-game assets and identities securely. The wallet is designed to provide users with complete control over their identities and assets, with the ability to manage and track transactions across different networks and platforms.

NFT Market

RACA has also launched an NFT market, which provides a platform for users to buy, sell, and trade non-fungible tokens (NFTs) on a decentralized platform. The market is built on RACA’s R3 gaming infrastructure, which provides users with a decentralized platform to buy, sell, and trade NFTs.

Conclusion

With DXF Labs leading the investment round, RACA has secured a vital funding boost that will enable the company to further develop its R3 gaming infrastructure, expand its offerings, and cement its position in the blockchain gaming sector. The R3 gaming infrastructure has provided the foundation for RACA’s success so far, with USM.WORLD and Looki Looki Jazzi earning critical acclaim for their creativity and innovation in the blockchain gaming space.
This latest funding round will enable RACA to build on its success and expand its offerings to include more games, tools, and services for developers and gamers alike. It’s clear that RACA is poised to play a leading role in the future of blockchain gaming, and this latest investment is a testament to the company’s continued growth and success.

FAQs

1. What is the R3 gaming infrastructure?
The R3 gaming infrastructure is a decentralized platform that streamlines the creation, management, and interaction of any game or gaming ecosystem.
2. What games has RACA developed with its R3 gaming infrastructure?
RACA has developed USM.WORLD, a “SimCity style sandbox game,” and Looki Looki Jazzi, a social party game.
3. What is the JAZ wallet?
The JAZ wallet is a cross-game decentralized identity (DID) wallet that enables players to store and manage their in-game assets and identities securely.

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