The ZOOT platform, focused on merging video game dynamics with blockchain technology, announced the successful raising of $6 million in a seed funding round. This capital is intended for global expansion and the incorporation of new technologies.
Funding and ZOOT's Goals
The funding round was led by investment firm CoinFund, with contributions from Griffin Gaming Partners. The funds will be allocated towards scaling the platform and developing new games.
Innovations in Online Gaming
Founded by Sean Ryan and John Cahill, ZOOT aims to eliminate common barriers in online gaming, such as payment delays and geographic restrictions. By leveraging stablecoins, ZOOT offers near-instant payouts without transaction fees.
Future Plans and Trends in Gaming Industry
ZOOT plans to roll out its stablecoin-powered system across Southeast Asia, Latin America, and Africa. With rising demand for quality Web3 games, the platform seeks to reimagine chance-based games with enhanced visuals and audio technology.
Given the increasing interest in Web3 gaming and the integration of stablecoins, ZOOT is well positioned to take a leading role in the online entertainment industry.
