C2X Raises $25M in Funding

C2X Logo

MetaMagnet Ltd., the operator of C2X, a universal blockchain gaming platform built on the Terra blockchain, closed a $25m funding round.

The round, conducted as a private token sale, at a $500m valuation to the platform, saw participation from FTX Ventures, Jump Crypto, Animoca Brands, Hashed, Terra, Transcend Fund, Galaxy Interactive, Skybound, Blockchain Coinvestors, DeFiance Capital, Play Ventures, Crypto.com, Infinity Ventures Crypto, Unanimous Capital, Bowei, Xsolla, Huobi Ventures, Goal Ventures, Concept Art House, Agnitio Capital and Formless Capital.

C2X is a global leader in the development of web3 gaming architecture. The Platform is built on Terra, an application-specific blockchain built on the Cosmos SDK and Tendermint consensus, which ensures that all assets and data needed will remain secure, transparent and tamper-proof. The Terra blockchain enables developers to build on an ecosystem that rewards both users and creators.

C2X also disclosed today that an Initial Exchange Offering (IEO) was conducted today, March 18, 2022, for the Platform’s native token, C2X. The public listing of the C2X token will be announced at a later date.