CloudPlay Sports & Entertainment Platform recently announced the completion of a new round of financing of $30 million, led by Shorooq Partners, while Three Point Capital, Forte Securities, Caladan, Virtuzone, Hex Trust, Token Bay Capital, GameFi Ventures, Mapleblock, Fuse Capital, 280 Capital and many other well-known institutions.
Proceeds from this round of financing will be used in the following key areas:
Building the Cloud Play Coin Ecosystem
The new funding will accelerate the construction and development of the CloudPlay Coin ecosystem, providing more value and opportunities for users.
Build CloudPlay virtual gaming scenarios
CloudPlay will develop virtual gaming scenarios to create a more immersive entertainment experience for users
Expand the chain compliance platform
By investing new funds, CloudPlay will further strengthen its on-chain compliance platform to ensure the security and transparency of user assets.
Facilitating Collaboration with Laser Digital, the Crypto Division of Citi and Brazilian Development Bank (BNDES)
Cloudplay will conduct a proof-of-concept trial with Laser Digital to jointly explore new partnership models and technological innovations.
Building a Decentralised GPU Network and Addressing the AI Compute Shortage
CloudPlay will work to build the world’s largest decentralised GPU network to address the current shortage of AI computing resources and drive technological innovation and development.
In addition, CloudPlay will invest $50 million in the U.S. sports industry and establish an office in New York to further expand its presence in the U.S. market. Subsequently, CloudPlay will launch fan tokens with franchises from five major U.S. sports leagues, bringing more investment and engagement opportunities to users.
CloudPlay Sports & Entertainment Platform will continue to uphold the concept of “user-centred, technological innovation” to provide high-quality digital sports and entertainment services to global users, and work together to build a thriving digital sports ecosystem.
Stay tuned for more news about CloudPlay Sports!
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