Thothus.io – tokenized game industry-focused decentralized exchange (DEX) and finance platform with Cardano native token inside its core have announced that the project concluded the first stage of funding in less than 6 hours from its launch and raised $213,750 that is equal to 1,425,000 TOT tokens.
Seed Round Oversubscribed
Whakaaro Ventures, VC that supports DeFi, Metaverse, and WEB3 startups, together with high net worth individuals from the UAE, USA, and the UK, has brought valuable experience and perspective to the project.
Cardano DeFi
In addition to trading, staking, and auctioning non-fungible tokens (NFT), the site will allow gamers to learn about new games in the market and track their rankings. Thothus will utilize the superior performance of the Cardano blockchain to deliver quality products to its users.
The money will go towards the development of the protocol, developing partnerships, and establishing a firm foundation for the project.
Rich Features Dedicated To The Blockchain Gaming Industry
Metaverse Swap
Thothus is a platform that allows gamers to swap their game tokens. Thothus platform will enable users to buy and sell digital game assets with other players in a trustless environment.
Metaverse Farm
The Thothus protocol will offer farming of game tokens by staking them as collateral in a smart contract. The platform will offer yield farming to users, allowing them to receive a dynamic APY based on each token’s farming yield. This will allow tokens to increase the liquidity on the platform while still being able to generate income via the yield.
Metaverse Marketplace
Thothus is a platform meant to be the home for gamers and collectors. Here, gamers will be able to auction their in-game Non-Fungible Tokens (NFTs) with other users in a decentralized environment.
Metaverse Library
Users with experience in a game can capitalize on their experience by monetizing guides and tutorials for other less experienced users. The combined knowledge of users will create a virtual library of helpful material, benefiting the entire gaming community with knowledge and compensation.
Metaverse Rankings
The Thothus platform aims to analyze the currently available crypto games on the market and assign each game a ranking based on their play-to-earn profitability.
To find out more about Thothus, check out their website.
Disclaimer: This is a paid post and should not be treated as news/advice.
Source: https://ambcrypto.com/thothus-seed-round-concluded-in-6-hours-by-whakaaro-vc-and-angel-investors/