Limit Break, a Park City, UT-based DigiDaigaku NFT collection maker, raised USD200M in funding.
The round was led by Buckley Ventures, Standard Crypto, and Paradigm Ventures. The company also raised funds from investors including FTX, Coinbase Ventures, Anthos Capital, SV Angel, and Shervin Pishevar.
Founded in August of 2021 by Gabriel Leydon and Halbert Nakagawa, Limit Break is known for the DigiDaigaku NFT collection, which was offered to the public completely free of charge. Limit Break expects “Free Mint Games” to replace the IPO-style fundraising that dominated the NFT space in 2021 and allowed would-be game creators to sell parts of future “Play-to-Earn” titles.
According to Leydon, the few “Play-to-Earn” games that achieve some success inevitably morph from “Play-to-Earn” to “Play-to-Sell” as player-investors crash markets and dump the increasingly worthless NFTs and cryptocurrencies that once held these carefully contrived economies together.
With its DigiDaigaku launch, Limit Break plans to introduce a new model called “Free-to-Own” that will replace both the “Play-to-Earn” and “Free-to-Play”.