USa-based, BORED SLOT, a venture by Spin City raised USD 10 million in funding. The round took place on April 10, 2024. Leading tech investors such as PLUTUS VC and LD CAPITAL joined in the financing. 

Purpose of the investment for BORED SLOT

By utilizing the strength of the recognizable Bored Ape Yacht Club (BAYC) NFTs, the company hopes to revolutionize social slot gambling through its most recent strategic alliance. The money will be used by the web3 slots gaming project BORED SLOT to introduce a slot platform. Additionally, it aims to enable users to mine digital tokens by only using the site to play slots.

The BORED SLOT platform, a cutting-edge area where gaming and income collide, will be accelerated by this investment. Gamers can take part in a special token ecosystem in addition to watching live slots from the comfort of their own homes. The platform’s novel “Play + Mine” approach, backed by actual income, guarantees equitable earning opportunities.

What the company’s official has to add

Spin City and BORED SLOT’s spokesperson said, “Imagine a gaming platform where every spin could mine your digital gold. That’s a BORED SLOT. With $SPC tokens, we’re blending the thrill of slots with BAYC’s exclusive NFTs to offer a play and experience like no other. And with zero tokens for sale, we’re setting a new standard for market stability and player benefits.”

Bored Slot Official (@boredslotcom) / X

What the investors have to comment

Calvin Ng of PLUTUS VC further said, “BORED SLOT has the potential to be transformative, and we are immensely excited about its prospects. Merging authentic slot experiences with blockchain technology creates an unprecedented opportunity for players globally, offering them a chance to engage with their preferred machine and enhance their chances of winning big.”

Plutus VC | LinkedIn

Jack Yi of LD Capital further added, “After delving into BORED SLOT’s business strategy—forgoing token sales for a ‘Play + Mine’ model backed by genuine global revenues—I was compelled to invest in this venture. Slots, known for their simplicity and popularity, are not just a game; they’re an accessible, widespread form of entertainment enjoyed by millions worldwide and prominently featured in app stores.”

About Spin City

At the nexus of blockchain technology and digital entertainment, Spin City is a trailblazer. Spin City is committed to transforming the gaming experience by utilizing cutting-edge blockchain solutions.

Spin City is committed to using blockchain technology to redefine gaming. It is a trailblazing newcomer in digital entertainment and blockchain applications. With the launch of the $SPC token by Spin City—which BORED SLOT will be the first to use—a vast ecosystem aimed at improving gaming on several platforms has officially begun.

With its flagship initiative, BORED SLOT, Spin City introduces a groundbreaking play-and-mine platform that integrates real live slots gaming with the dynamic world of NFTs, starting with the iconic Bored Ape Yacht Club collection. The creation and utilization of the $SPC token underscore

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.


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