Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
BoxBet Secures Strategic Funds To Build Future of iGaming

BoxBet Secures Strategic Funds To Build Future of iGaming

CryptotimesCryptotimes2024/11/21 20:11
By:Jahnu Jagtap

BoxBet, a blockchain-driven iGaming platform, has officially launched after raising substantial strategic funding in a round led by CMCC Global, a prominent $500M+ venture capital firm supported by the Winklevoss brothers and Richard Li’s Pacific Century Group.

CMCC Global, known for backing early-stage successes like Solana, joins other top investors from the iGaming and cryptocurrency sectors in positioning BoxBet as a leader in the next wave of gaming innovation.

BoxBet plans to leverage Telegram’s massive network of 900 million monthly active users to power its blockchain-enabled platform. The ecosystem centers around its deflationary token, $BXBT, aligning user participation with the platform’s growth. To jumpstart engagement, BoxBet will launch a “Bet-to-Earn” airdrop, allowing early users to share in its success from the outset.

The newly secured funding will enable BoxBet to scale operations, obtain critical gaming licenses, and expand into regulated markets. The platform’s strong performance during its stealth and beta phases highlights its potential to capitalize on new opportunities and drive innovation.

BoxBet plans to invest in major marketing campaigns, including partnerships with leading sports franchises, to boost brand visibility and user acquisition. Additionally, the company will grow its top-tier team by recruiting talent from the iGaming and technology industries to enhance its operational strength.

“We are impressed with the BoxBet team’s vision and execution capabilities,” said Martin Baumann, Managing Partner at CMCC Global. “They have the potential to redefine iGaming and create a globally recognized platform that transforms user engagement in betting.”

BoxBet has forged key partnerships, including with India’s leading privacy-focused browser, and is planning high-profile marketing campaigns in Latin America and Asia. These collaborations will drive its rapid expansion into high-growth markets, setting the stage for widespread adoption.

Follow The Crypto Times on Google News to Stay Updated!
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

AI models master capabilities long before exhibiting them, research shows

Share link:In this post: Research has shown that AI models master capabilities long before they exhibit them. Researchers claim the models can internalize concepts long before exhibiting them. Researchers reveal different methods to reveal hidden capabilities.

Cryptopolitan2024/11/24 22:00

AI can be used to promote jobs, not be a replacement, says AWS vice president

Share link:In this post: AI will take over boring tasks, giving people more time to focus on creative and innovative work. Workers need to learn new skills to adapt to the growing use of AI. AI will work with humans to improve industries like customer service, healthcare, and more.

Cryptopolitan2024/11/24 22:00