Rainicorn, a multifaceted platform that has established itself as a hub for innovation in the crossover between NFTs and DeFi, with a focus on gamification, has received a direct strategic investment from Rarestone Capital, an active venture capital fund and accelerator.
The investment, which includes a direct purchase of Rainicorn’s native token (RAINI), is motivated by a shared desire to grow and develop Rainicorn’s play-to-earn ecosystem in a community-centric manner. Under Rarestone Labs, the fund’s incubation arm, the deal includes hands-on marketing support, including community, social media, and viral marketing.
The popular play-to-earn trading card game The Lords of Light, which is currently undergoing its first public card pack drop thanks to strong community presales, is part of the Rainicorn ecosystem, dubbed the Rainiverse. Players can collect playable NFT cards and use them to build decks capable of decimating their opponents in turn-based combat in this competitive trading card game. The game also allows players to level up their cards and includes DeFi elements such as the ability to stake high-level cards for passive income. These in-game features allow players to earn Photon, the game’s primary currency, by engaging in a variety of strategic and competitive actions, allowing them to increase their earning potential.
“We are extremely excited to form a long-term partnership with Rainicorn,” says Rarestone Capital Co-Founder Charles Read. Despite the fact that the market is still in its early stages, the top dozen play-to-earn games are currently processing nearly $1 billion in transactions. This partnership is extremely exciting for us, given the demand for Raini’s early drops and their team’s vision and execution ability.”
“We see this partnership with Rarestone Capital as the game-changer that will take Raini to the next level,” says Rainicorn Co-Founder @Mindspheres. The level of support and connections that Rarestone brings to the table are extremely beneficial to the Raini project and our goals.”
Rainicorn also has a cross-chain NFT platform, a launchpad, and a marketplace where players can buy and sell NFTs. Raini’s vision is to build a vast and diverse interconnected ecosystem, with an extensive roadmap of innovative features and revolutionary concepts to help drive the space forward, with a team spanning the globe, including Australian co-founders.