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LootRush Introduces New Gaming Subscription
LootRush, a blockchain start-up backed by venture capital firms Paradigm and Andreessen Horowitz (a16z), has announced the launch of a new gaming subscription service. This subscription allows users to access non-fungible tokens (NFTs) from over 500 games on its platform starting today.
About LootRush
San Francisco-based LootRush, established in May 2022, is a crypto gaming platform that enables users to enjoy any game through NFT rentals. The platform has gained support from notable investors in the blockchain space.
Features of the New Subscription
LootRush’s new subscription service offers users the ability to access NFTs not available in its inventory. Additionally, subscribers can benefit from rental discounts and premium support through Discord.
Supported Blockchains
LootRush supports multiple blockchains, including Ethereum’s mainnet, Ronin, Avalanche, Arbitrum, Coinbase’s Base network, and Polygon, ensuring a seamless gaming experience for users across different networks.
CEO Statement
Anderson Ferminiano, CEO of LootRush, highlighted the flexibility of the subscriptions, stating that users can request almost any NFT and have it available for gameplay within 24 hours. This feature aims to provide a diverse gaming experience, even with rare or less readily available assets.
‘Golden Ticket’ Subscription
The new subscription is described as a ‘golden ticket’ by the CEO, offering LootRush gamers the opportunity to explore a variety of games. With pricing split into three tiers starting at $15 a month, the subscription caters to casual gamers seeking to delve into the world of web3 gaming.
Growth in Gaming Revenue
Global gaming revenue is projected to increase from $227 billion in 2023 to $312 billion in 2027, according to a report by PwC. This growth trend indicates a promising future for the gaming industry, especially in the blockchain gaming sector.
Last week, Australian venture capital firm King River Capital, along with blockchain gaming firm Immutable and Polygon Labs, announced the launch of a $100 million fund dedicated to gaming. In 2023, blockchain gaming-related funding rounds reached $1.7 billion, with Immutable and Polygon Labs holding a combined market share of 70% in total blockchain gaming development.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
