eSports platform Mokens League raises $2 mn

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eSports platform Mokens League raises $2 mn
19 Apr 2022
6 min read

News Synopsis

On Tuesday NFT-based eSports platform Mokens League announced the completion of their $2 million seed fund. The company further informed that the raised capital will be utilized to conclude the development cycle of the game as well as to install and maintain game servers around the globe to provide a latency-free gaming experience. The gaming platform further informed that the launch of its in-game currency named MOKA token on the Polygon network. MOKA token will serve as the main utility token in the ecosystem of company-developed eSports games. Additionally, in the coming future, the MOKA token will also be used for third-party games that get integrated into the Mokens League Platform.

After the successful Seed fundraising round, Martin Repetto, CEO of Monsters League Studios LLC, said, “While we are thrilled and excited about the massive growth of crypto-based gaming, we can’t help but notice that there is a fundamental problem right now with existing ‘play to earngames that reward people for just spending time on a game that does not work. This is not fun or challenging and definitely not sustainable.” The company in a press statement also informed that MOKA holders can use their tokens to purchase NFTs. These NFTs can be used for games in Moken’s ecosystem. Currently, the tokens are available for presale.

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