- Main event includes $17 million funding for Web3 services.
- T-Rex will launch its browser plug-in this summer.
- Investment driven by Arbitrum Gaming Ventures, emphasizing expansion.
Backed by strategic investment from Arbitrum Gaming Ventures, T-Rex plans to extend its influence in blockchain-based entertainment sectors. This funding marks a significant step for Web3-based platforms targeting digital entertainment growth.
Expansion and Developments
T-Rex aims to bolster its market presence by designing a blockchain tailored for entertainment and cultural virality. Selected by Arbitrum Gaming Ventures, the platform underlines the initiative to advance Web3 entertainment, leveraging Southeast Asia’s gaming and digital markets.
The funding positions T-Rex to accelerate development and expand its user base, indicating a shift towards blockchain adoption in entertainment. Analysts project increased activity in related tokens like Trex, ARB, and ETH as T-Rex progresses.
Investments are part of Arbitrum’s strategy to enhance gaming-centric blockchain projects, highlighting strong community development and institutional support. This move suggests a growing acceptance and integration of blockchain technologies in entertainment industries.
Experts anticipate T-Rex’s launch could ignite value appreciation in Trex tokens and other ecosystem assets, potentially impacting market dynamics. The system’s integration into Arbitrum signifies a strategic advancement within the Web3 ecosystem.
“We’re excited to welcome new founders to Arbitrum, as well as to support established builders on the network such as Xai,” said Dan Peng, Partner, Arbitrum Gaming Ventures. “Arbitrum Gaming Ventures’ first cohort of companies diversifies not only our portfolio and global footprint, but also our growing developer community.” source
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