What does Zoot do?
Zoot is a provider of a sweepstakes gaming platform that integrates the engaging aspects of video games with the functionality of iGaming, utilizing blockchain-based payments for efficient transactions.
How much did they raise?
The company raised $6M in Seed funding, with CoinFund leading the round and participation from Griffin Gaming Partners.
What are their plans for the money?
Zoot intends to use the funds to transition from a US-focused business to a global market, developing a stablecoin-driven platform that could enhance the efficiency and appeal of its gaming services.
What have they achieved so far?
The company has built a strong foundation with a technology team based in Europe and has successfully combined video game innovation with blockchain payment systems.