Solana NFT platform SolChicks is backed by…113 VC funds
SolChicks, a fantasy game based on the “Play-to-Earn” game system (Play to earn) on the Solana blockchain. It began to be discussed in the crypto community after the news that 113 venture funds are engaged in investing the game. The official website lists the most famous investors, such as Gate.io . But for the most part, little-known funds act as investors, the main activity of which is aimed at DeFi projects with small capitalization.
SolChicks, after a successful launch with the help of IDO, announced that more than $ 20 million was involved from 300 investors of private organizations. The IDO game is scheduled to be held on 38 different platforms at an initial price of $ 0.05 per token. Which will lead to a market capitalization of $500 million.
After the success of IDO SolChicks, members of the crypto community doubted the liquidity of the organization of games and did not agree to participate in the financing of the project for this reason. According to one of the traders, doubts are not unfounded. Previously, the founder of SolChicks had already been involved in projects that eventually failed and closed pretty quickly.
The $CHICKS token will be launched on December 2. The crypto community is waiting for the market reaction to the token generation, as well as listing on stock exchanges.