White Star Capital Raises $120M Crypto Asset for Metaverse Ventures


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White Star Capital raised $120 million for its second crypto store putting resources into organizations fostering the metaverse.

 

The asset, DAF II, will put resources into crypto networks, decentralized money and gaming organizations, it said in a public statement on Monday.

 

It will send between $1 million and $7 million in token and value interests into 20 to 25 organizations across north America, Europe, and Asia.

 

Gaming monster Ubisoft is the anchor financial backer for the crypto reserve.

In May 2021, New York-based White Star Capital raised $50 million for its first crypto and blockchain reserve, likewise upheld by Montreuil, France-based Ubisoft.

 

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