In a bid to be a global leader in the metaverse world, the Balthazar NFT gaming platform kicked off the launch of its token with a $3 million token sale, valuing the project at US$30 million.
The lead investor in the token sale was Animoca Brands, a leader in blockchain and gamification with a large portfolio of over 150 investments in NFT-related decentralized projects.
Others who invested in the Balthazar token sale includeDarling Ventures, Finder Group (through Hive Empire Capital, led by Fred Schebesta), Digital Asset Capital Management (DACM), Zip co-founder Larry Diamond, Fantom, ZED Run, Algorand, Rising Capital, Pluto Digital, San Francisco-based VC Side Door Ventures, Three Arrows Capital’s TPS Capital, and Saltwater Ventures, eFrontier.
Balthazar gaming platform
Balthazar is a non-fungible token (NFT) gaming platform for the metaverse that was launched in September 2021.
It is one of the first to be launched in Australia and it aims to become the largest Decentralised Autonomous Organisations (DAO) in the play-to-earn space.
It has a community-focused guild that allows gamers to access play-to-earn games without requiring any upfront payments. It also offers rent-to-earn feature users can rent NFTs can be rented for use in games.
Balthazar also supports the guild through educational resources and social networks, and it also offers training and development around gameplay and cryptocurrency investment.
John Stefanidis, CEO of Balthazar, said the token sale marks a significant milestone for the DAO.
Stefanidis said:
“We are so thrilled to be backed by Animoca Brands and all of our supporters in helping to shape the metaverse and to continue assisting and expanding our community. This support means we can fulfill our vision of empowering the biggest community of gamers to create a self-sustaining, wealth-building ecosystem. We are developing the most incredible platform that will bring together gamers, crypto holders, and individuals through our own NFT games, valuable tokenomic strategies, and gaming partnerships. I’m excited about the future of the play-to-earn space, in particular how it’s spreading earning opportunities to those who need it most, as well as providing a new use-case for cryptocurrency.”
After investing in Balthazar, the executive chairman and co-founder of Animoca Brands Yat Siu commented:
“Balthazar has a thriving and fast-growing community, offering opportunities for all people to be involved in the NFT gaming space, including gamers, game companies, and crypto holders. With its dynamic leadership, we believe that Balthazar will be able to tap growth for NFT-based gaming in new markets, and we are excited to be part of its journey.”
Balthazar token sale
Balthazar launched a private token sale round, with the aim of selling US$8 million of tokens with a total market cap of US$150 million by February 2022.
Prior to the token sale, Balthazar deployed 1,100 gamers into several NFT games including Splinterlands, Thetan Arena, and Axie Infinity. There was a further 30,000 people on its waitlist.
Currently, Balthazar has a community of more than 70,000 people on its Discord channel.
For more information about the Balthazar gaming platform, click here to read its Whitepaper.
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