Hong Kong-based blockchain gaming firm Alphaslot has confirmed a multimillion dollar investment led by China’s Sora Ventures that it says will enable the company to expand its operations and speed up the launch of a planned tokenized blockchain entertainment platform for the gaming industry.
The investment includes participation from Hong Kong’s Credito Capital and Shinobi Capital, Singapore’s Spartan Group, the Netherlands’ TRG, Silicon Valley’s Primitive Ventures and others.
“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.
“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.
“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.”
Alphaslot has also announced the appointment of Paul Veradittakit, Partner at Pantera Capital in Palo Alto in California, as an advisor.