Aftermath Islands raises $25M in utility token sale for metaverse project

Aftermath Islands has raised $25 million from LDA Capital through the sale of in-game utility tokens for its metaverse project.

Rather than raise money through a conventional venture capital deal, the company opted to sell utility tokens from its metaverse game to LDA Capital over a period of time, said David Lucatch, managing director of Aftermath Islands, in an interview with GamesBeat.