Bitget, a global derivatives exchange company has announced the listing of the initial exchange offering (IEO) of Revoland, the first blockchain-based multiplayer online battle arena (MOBA) game on Huawei Cloud, on its global platform spanning 50 countries and over two million users.
An IEO is the cryptocurrency exchange equivalent to a stock launch. It is the process of digital asset procurement through an established exchange for the purpose of raising capital for start-up companies.
“We look forward to listing Revoland on Bitget, as we work together to create a Web3-powered community, and expand offerings available to Bitget’s valuable users. Bitget’s Launchpad provides an exclusive opportunity for its users to get early access to projects with high potential in the space.
“While gaming is not a new concept, it has certainly experienced its breakthrough moment and made an impact following the integration of blockchain. Web2 gamers spend about $40 billion a year on virtual goods, but users don’t really own the items, the companies do,” Gracy Chen, Managing Director, Bitget, said.
According to Bitget, play-to-earn (P2E) games have experienced an increasing growth recently, especially during the pandemic when it presented itself as an opportunity for many to turn to as a source of income.
Based on the Binance and Abey smart chains, Revoland is a P2E game developed by Chain X Game (CXG), a London-based metaverse game development company focused on bringing forward the next generation of blockchain games.
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Revoland’s gameplay is designed to revolve around the combination of one’s personal skills and teamwork and has already attracted over $10 million in investment.
By integrating the concept of highly popular traditional mobile games into crypto, it adds a variety to gameplay with the added benefit of allowing participants to reap financial benefits at the…
