Web3 Casino turned Gambleverse venture has completed a fundraising round that brought in $5 million from investors.
PRESS RELEASE. On April 21st, MetaToken, a casino project on Ethereum and TON, announced the successful closure of its private funding round. The project attracted $5 million in just one week, establishing itself as a powerful new player and highlighting the growing interest in innovative gaming platforms. Now the project is in the presale stage and the audit is in progress.
MetaToken is an ambitious online casino that develops an immersive Web3 casino ecosystem, based on the MTK token. Following its successful official launch in early 2023, the project has been rapidly gaining momentum — today, the casino’s players have access to a wide range of high-return gambling products, the Wheel of Fortune, lotteries, and crypto staking opportunities.
According to developers, the expanded product line will include exclusive games for token holders, virtual poker tournaments with real dealers in individual VR spaces, and a custom, AI-based white-label solution for creating and managing Web3 casinos with built-in tools and ready-made assets.
“Don’t earn in the casino, earn with the casino” has become one of the project’s main slogans. Indeed, by investing in the MTK token, participants grow the liquidity pool, helping the casino boost profits and expand into new markets. In return, they receive expanded opportunities to earn in the Web3 gambling sphere.
Tokenomics is one of MetaToken’s key strengths, geared towards long-term participation and creating real value for $MTK. Developers highlight various benefits for token holders, which will be implemented through staking, temporary token locks, and high involvement of $MTK in the ecosystem’s operations, ensuring its growth and stability.
MTK owners will get a chance to become the casino’s “co-founders,” sharing its success: 45% of the net profits will be distributed weekly among the stakers. With the launch of the project’s second stage, token holders will also gain access to exclusive Web2 games developed in partnership with the licensed gaming provider INOUT, and Web3 lotteries. Half of the tokens lost in games will be burned, reducing the number of $MTK available and further increasing its value.
In the third stage, $MTK will form the basis of the VR GAMBLEVERSE — MetaToken’s immersive gambling ecosystem. The new platform will help integrate traditional Web2 casinos into the Web3 ecosystem through augmented reality technologies. Using MetaToken’s Whitelabel product, everyone — from casino owners to ordinary users — will have the opportunity to try their hand at the gaming business by launching their own Web3 casino.
MetaToken has two more rounds planned: a $4 million presale starting June 16, 2024, and a $1 million public sale scheduled to begin July 16. As mentioned above, to enhance the stability of the tokenomics, tokens purchased at each stage will be unlocked gradually.
Currently, players can access the platform’s standard features, including an ever-growing list of games, tournaments, cashback, lotteries, and bonus promotions. On April 21st, the team successfully rolled out a global platform update.
To stay up-to-date with project news or participate in the public round, visit the MetaToken website or subscribe to the official Twitter and telegram accounts.
Visitors and participants of the MAC conference in Yerevan, taking place on May 30-31, 2024, in Yerevan, Armenia, will have the opportunity to meet the project team and ask their questions in person.
About MetaToken
MetaToken is an immersive casino harnessing Web3 technology to disrupt the current gambling experience. MetaToken shares its on-chain profits with players who invest in its $MTK token liquidity pool and burns 50% of player losses to decrease the token’s supply.
