Initially managing Maye Musk’s (mother of Elon Musk) NFT collection, RACA has now transformed into a blockchain gaming ecosystem that’s reminiscent of Steam. The Web3 company will use its newly secured funding to further prioritise becoming an expansive Web3 gaming ecosystem.
RACA has so far launched a game infra, SimCity-esque sandbox game USM.WORLD, social party game Looki Looki Jazzi, cross-game DID wallet JAZ and an NFT marketplace.
DWF Labs on the other hand has become one of the most dynamic investors lately with impressive funding activities like raising $20 million for derivatives trading platform Synthetix, and also securing $40 million for Fetch.ai, a crypto protocol that focuses on AI.
“Our investment in RACA is a testament to our belief in USM.World’s potential to reshape the gaming landscape,” said a representative from DWF Labs. “We’re thrilled to support their efforts in building a diverse and inclusive Web3 gaming ecosystem that offers immersive experiences to users worldwide.”