Ultra secures $12 million from NOIA Capital to advance its gaming platform and integrate blockchain technology.
Investment from NOIA Capital
Recently, Ultra secured an investment of $12 million from NOIA Capital. This initiative highlights the growing interest of institutional investors in the blockchain gaming sector.
Ultra's Plans and Outlook
The new funds will be used to enhance Ultra's platform and integrate traditional gaming with blockchain technology. Key leadership figures such as newly appointed CEO Gus van Rijckevorsel and COO Maxime van Steenberghe are steering the company's development, focusing on utilizing funds to hire top talent and enhance Layer-1 blockchain infrastructure. Gaming companies already partnering with Ultra include Ubisoft and Phantom Galaxies, solidifying its industry connections.
Impact on Blockchain Gaming Market
NOIA Capital's investment underscores confidence in the growth of the Web3 gaming industry. Although asset prices have not significantly shifted, such investments often pique investor interest in related tokens, potentially leading to future price movements. Historically, similar funding rounds, like Sorare's $680 million round, have shown increased market valuation and ecosystem adoption.
Ultra's enhancement reflects significant momentum in the blockchain gaming space, with market observers closely watching future developments.
