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As announced on August 29, Limit Break has raised $200 million in investment capital from Josh Buckley, Paradigm, Standard Crypto, FTX, Coinbase, and Positive Sum. Limit Break was founded by Gabriel Leydon and Halbert Nakagawa, the former CEO and CTO of Machine Zone, the game studio known for Game of War, Mobile Strike, and Final Fantasy: XV.
With the capital raised, Limit Break will introduce a new model called “Free-to-Own”, where developers can earn money through ads or other gaming features. “Free to Own (F2O) is built around free mints for Genesis NFTs. These Genesis NFTs lead to other NFTs through airdrops and more, none of which involve gimmicky fundraising tactics”, Limit Break added.
After successful funding rounds, Limit Break’s DigiDaigaku NFTs have set a new record. At the time of writing, DigiDaigaku floor price has increased by 106.85% and is currently trading at 15.97 ETH/NFT. The 24-hour trading volume jumped 400%, reaching $4 million.
Amidst crypto winter, Limit Break’s successful fundraising has proven that crypto mobile games are still receiving the attention of the community. Back in July, NFT/gaming were the most favored deal types for 12 months in a row, getting up to 500 million USD in funding and ranking second in the sector just after infrastructure, according to The Block Research.
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