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

  • Posted byby Dean Takahashi
  • Updated
  • 5 min

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.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.