NFT game Guild of Guardians raises $5.3M, token sale oversubscribed 82x

 


Upcoming nonfungible token (NFT)-based mobile role-playing game Guild of Guardians has sold out two tranches of its native token, GEMS, totaling $5.3 million.

The token sale, held on CoinList on Tuesday, was oversubscribed by 82 times, with around 808,000 users registering. More than 10,700 new GEMS holders from over 100 countries purchased a maximum of $500 worth of tokens. However, users from Australia, the United States, Canada and China were prohibited from purchasing tokens amid mounting regulatory concerns.

Guild of Guardians allocated 6% of the total 1 billion tokens to the CoinList sale, while 63% of the supply will be distributed via community-driven events, activities and core gameplay.

The play-to-earn game’s soft launch is planned for Q1 2022, with 400,000 users already pre-registered.

The game was developed by Ukrainian developer Stepico Games in partnership with Australian-based NFT layer-two scaling solution Immutable AND. Immutable X is the first layer-two scaling solution for NFTs on Ethereum and is backed by Galaxy Digital and Coinbase.

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Citation : Cointelegraph


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