Metaverse Magna raises $3.2M at a $30M valuation to build Africa’s largest gaming DAO

This February, Africa and emerging market-focused Nestcoin raised a pre-seed round to build, operate and invest in its web3 applications, including crypto content platform Breach Club and gaming guild Metaverse Magna (MVM). Nine months after its launch last December, the latter has completed a seed sale token round of $3.2 million at a $30M fully diluted valuation. 
MVM, incubated in partnership with a multi-strategy blockchain investment fund, Old Fashion Research (OFR), welcomed participation from investors including Wemade, Tess Ventures, LD Capital, Taureon, Gumi Cryptos Capital, HashKey,

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