Blockchain GameFi Venture, MetaTrace Receives License In UAE
MetaTrace, a GameFi venture, has secured a license from the UAE RAK DAO and is launching its third investment round to raise $25 million for global expansion.
The project has raised $500,000 for its NFT collection in May 2022 and has since launched a successful MVP on the GeoFora geolocation platform.
The second investment phase raised $5,150,000, supported by angel investor Alexey. MetaTrace’s TRC token debuted on exchanges in September 2023, demonstrating a 400% increase and maintaining a leading market position.
The company is now launching its Series A investment round of $25 million, valued at over $296 million by Mezen consulting group.
(With inputs from Shikha Singh)
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