DWF Labs, a global digital asset market maker and multi-stage web3 investment firm, announced that it has invested $16 million in RACA.
The deal includes purchasing an unspecified amount of RACA tokens.
RACA, short for RadioCaca, is a metaverse altcoin that was launched in May 2021 and has had a large and loyal fanbase ever since.
RACA aims to build a comprehensive web3 gaming ecosystem that leverages blockchain technology such as NFTs, gaming, metaverse, DeFi and more.
RACA's most popular product is Metamon World, a play to earn blockchain game where users can hatch, collect, train and battle Metamon NFT characters.
RACA also has its own NFT marketplace where users can buy and sell USM Metaverse land, Metamon and other RACA branded NFTs.
The native cryptocurrency of RACA is known as the RACA token distributed on several networks at the same time. RACA token can be used to shop on the platform and is also the native token for play to earn games like Metamon and Universal Metaverse.
*Not investment advice.
