Share this article
Web 3 Gaming Platform on Terra Blockchain Raises $25M in Token Sale
FTX Ventures, Jump Crypto and Animoca Brands were among the purchasers in the sale that values C2X, a Hashed-advised gaming platform, at $500 million.
By Eli Tan
Updated May 11, 2023, 5:59 p.m. Published Mar 18, 2022, 12:05 p.m.
Blockchain gaming platform C2X raised $25 million in a private token sale that included purchases from FTX Ventures, Jump Crypto and Animoca Brands, its parent company MetaMagnet announced Thursday.
The investments values the platform at $500 million. C2X says it also has plans to launch its own publicly traded token by the same name, though no date for the release has been set, according to a press release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The platform, which will include “token economics, NFT marketplaces and a wallet,” will be built on the Terra blockchain and advised by Hashed, a longtime investor in the Web 3 gaming industry and major player in the Terra ecosystem.
C2X says it will also be “guided heavily” and in part developed by South Korean game publisher Com2us, which is also advised by Hashed, according to the press release.
“Right now sentiment has completely shifted since the growth of Axie, the NFT boom and major talent inflow to Web 3,” Baek Kim, managing partner at Hashed, told CoinDesk in a Telegram message, referring to Axie Infinity, a popular blockchain-based online game.
“Com2us is pivoting to be a Web 3-first gaming company," Kim said.
Hashed participated in C2X’s private token sale and raised a $200 million fund of its own to support Web 3 gaming and ecosystems in December.
The investment in C2X is the latest affirmation of the confidence that FTX, Jump Crypto and Animoca Brands have in the growing Web 3 gaming industry. The trio’s support for the sector has included hundreds of millions of dollars of investment in the past year through various gaming funds.
“Blockchain technology provides a transparent and secure platform for users to buy, sell and store assets, and applying this concept to video games was the logical next step,” Paul Kim, director of MetaMagnet, said in the press release. “C2X puts the power in the hands of the users and builders, not in a single centralized entity, enabling the full community to direct the platform’s operations and fully invest in its success.”
Больше для вас
Что нужно знать:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Больше для вас
Foundation behind restaking protocol EigenLayer plans bigger rewards for active users
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
Что нужно знать:
- The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
- Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
- The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
Top Stories
