Primarily for the purposes of raising funds for development of the platform the first fantasy stocks platform on Ethereum, has announced it completion of its strategic investment round. After a successful raising of $1.67 million through a privately held funding round, which announcement was made by TradeStars on April, 22. The TradeStars round was pioneered by LD Capital Partners and Block Dream Fund. Also, Hype Partners, Sfermion, Taureon, Spark Digital Capital, Morningstar Venture, Free Group and distinguished key individuals. The investors who participated in this private funding round bring a wealth of knowledge, experience, resources that play a huge role in shaping TradeStars into a platform that all users can benefit from.
The funds will be used to accelerate product development and growth that is critical to Tradestars’ mission of transforming gaming and providing more immersive and enjoyable experiences.
Securing funding in the crypto space is crucial for a new project as many investors are focused on already established projects. So, when investors back a new project it usually has a unique value proposition that makes it appealing to investors. Tradestars is such a highly valuable project as noted by LD Capital CEO who said:
Tradestars is definitely one of the most innovative NFT projects in our portfolio. First of all, Tradestars’s valuation proposition is unique. It provides users a method to leverage and trade fantasy stocks for their favorite sports players by creating digitized versions of actual players. This provides users a brand new way to exchange sports knowledge for joy and benefit. Anyone who wants to find out how much his sports knowledge worth, Tradestars will be his go to platform. Billions of traditional sports fans will be attracted to the platform as well as the crypto world.