Hong Kong-based blockchain gaming firm Alphaslot announced a multimillion-dollar investment led by China’s Sora Ventures that it will use to expand operations and move up the launch of a tokenized blockchain entertainment platform for the gaming industry.
Other investors are Hong Kong’s Credito Capital and Shinobi Capital, Singapore’s Spartan Group, the Netherlands’ TRG, Silicon Valley’s Primitive Ventures and others, according to the Inside Asian Gaming website.
“We have seen tremendous growth in visitation to gaming destinations worldwide with over 39 million visitors to Las Vegas and 32 million to Macau last year,” said Alphaslot founder and CEO Raymond Chan in a press release. “There is strong demand for new entertainment experiences that attract new players and a blockchain ecosystem is the catalyst.
“We received a great response to our presentation at the Blockchain Summit in Reno, Nevada last month hosted by America’s Gaming Standards Association and attended by government officials of the State of Nevada, technology executives from IBM, Oracle, Intel and Macau gaming operator Melco Resorts,” he said. “This second round of investment proves the confidence from investors on what we have achieved so far and will absolutely speed up our blockchain deployment plan.”
