LootRush Secures $12m Seed Round

LootRush
3 min readMay 5, 2022

LootRush Eliminates All Barriers of Entry to Play Web 3 Games

Interest in games that incorporate blockchain, NFTs, and crypto continues to experience high growth, but interest doesn’t always equal adoption. There are three major problems that developers and publishers are facing for massive adoption: they are technically challenging to set up, might be expensive, and can take hours to start playing.

When I founded LootRush in late 2021, my team’s mission was to eliminate all of the tiresome barriers of entry that can take hours for players just to play great games. What if playing a game with Web 3 technology was as easy as playing a game on Steam or Mobile Game?

Playing a game on Steam is as easy as installing the Steam client, buying the game you want and then downloading it to play. Usually within a few clicks, you are enjoying the latest and greatest PC video game. But, to play video games using web 3 technologies, players experience a high barrier of entry. And, as interest in these types of video games continue to skyrocket, players are looking for ways to go from intent to enjoyment in as little time, with as little cost, as possible.

That is where we at LootRush come in. We are the first and only platform that removes time intensive barriers. We make playing games simple and fast. We believe that it should be easy, natural and inexpensive to try out games and NFTs based on lending at first. We will enable gamers to own NFTs and we help NFT owners find great players.

We have removed the massive barriers of entry that currently prevent many new players from actually playing a game. We make it as easy as a couple clicks to go from wanting to play to actually playing. At LootRush you choose a video game, select the NFTs to play from a range of assets curated to best fit your gaming preference, and start playing. We enable players to play video games with NFTs at 100x lower price, providing more flexibility and a larger portfolio of NFTs to have fun. We cut down the time to start playing your favorite game from a few hours to a few minutes.

Now that we have made playing games like Axie Infinity easy, affordable, and fast, we are quickly approaching our official launch. To help us, we decided to raise capital to facilitate planned growth while maintaining our spirit and our mission.

We are very excited to announce that we closed a Seed Round of $12M, led by web3 and crypto firm Paradigm, and with substantial participation from Andreessen Horowitz (a16z). The round also included support from Y Combinator, Brex founders, and a group of angel investors, including the founders of Axie Infinity, Plaid, Wildlife Studios, Dapper Labs, The Chainsmokers, and Vivi Nevo.

LootRush is headquartered in the US, but operates with a fully remote team across the US, LATAM, Europe, and Asia. No matter where you are located, if you are interested in joining our team, please visit our job page.

We at LootRush look forward to sharing more information with you in the near future. You can always find out more by visiting our website.

Anderson

Anderson Ferminiano, LootRush CEO is a Brazilian based in Los Angeles, US. Before LootRush, he built Voxus — a Brazilian ad-tech company.

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