Nitro League is pleased to announce it has raised $5 million from various prominent investors. The decentralized mobile play-to-earn (P2E) racing game is attracting massive attention and driving its way right into the metaverse. 

Participants in the funding round include YGG Southeast Asia, Morningstar Ventures, Axia8 Ventures,, Skyman Ventures, YGG Global, Double Peak Group, LD Capital, Extra Watts, Callisto Capital, Infinity Ventures Crypto, NGC Ventures and Woodstock Fund.

The financing was led by SL2 Capital. Nitro League is the first of many titles being released from Hotwire Studios, which is leading innovation in the mobile-first GameFi infrastructure and easy on-ramps for guilds. Hotwire recently successfully raised $10 million from prominent tier-one funds. 

Nitro League is designed by the best in class to provide a powerful gaming experience with solid tokenomics and nonfungible tokens (NFT) support to the masses. The next-generation gaming experience is here, and spans a multi-token economy. Moreover, all drivers, cars and other in-game items can be owned, sold and traded by players to create revenue-generating opportunities. 

The Nitro League metaverse welcomes all players who dare to strap in to ride toward this future. Players can race against others, complete missions and work their way up to create a clan. However, as a clan leader, you will need street credit, which helps expand the car fleet. Adding members to the clan will benefit the DriveTribe in the Nitro Arena. 

Nitro League CEO Zaynab Tucker added:

“We’re aiming to shake up mobile gaming with the latest technology on the market. It’s not always about thinking up a new idea, but just doing away with old ones. I believe we can leverage NFTs in a fun and lucrative way. You get the excitement of racing while building up your own niche community. It’s the best of both worlds.”

Nitro League holds much promise as a P2E racing game through its highly immersive gaming experience. Moreover, its developers are looking toward the future, as the game is set in the year 3050. Clans have taken over the world, and countries no longer exist. Disputes are settled through racing in the Nitro Arena, rather than fighting wars. Every win awards status, power, honor and wealth, and can provide REP, XP and more.

The team behind Nitro League has experience developing AAA blockchain games. Additionally, the multi-token economy is built by Delphi advisers and the co-founder of Holochain designs. Finally, YGG is responsible for the scholarship model advisory, which will play a crucial role in the game moving forward. 

An exciting aspect of Nitro League is how players can use their existing NFTs in the Nitro League Arena. For example, a CryptoPunk holder can leverage that nonfungible token, creating unprecedented customization in the P2E racing industry. 

About Nitro League

Nitro League is a P2E mobile racing game where gamers can earn, race and trade rare NFTs and be part of Nitro League. Nitro League is led by an amazing team with experience in gaming and game design with over 500 million downloads. So, are you ready to race? 

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