C2X Closed $25 Million Private Placement Led by FTX Ventures, Jump Crypto and Animoca Brands

MetaMagnet Ltd., operator of the universal blockchain gaming platform C2X, has closed a $25 million private round at a $500 million valuation led by FTX Ventures, Jump Crypto and Animoca Brands, with participation from Hashed, Terra, Galaxy Interactive, Blockchain Coinvestors, DeFiance Capital and others.
 C2X is built on Terra, an application-specific blockchain built on the Cosmos SDK and Tendermint consensus, which aims to ensure that all assets and data needed will remain secure, transparent and tamper-proof.