Bored Slot Raises $10 Million to Launch a Crypto Slot Platform That Integrates BAYC NFTs

Spin City venture Bored Slot has announced a successful raise of $10 million that will be used to launch a crypto slot platform that will integrate BAYC NFTs.

Funding Details

Investors Plutus VC and LD Capital are supporting the project with the significant amount of funding, which also marks a strategic partnership that is set to “redefine social slots gaming” by using Bored Ape Yacht Club NFTs.

Through this upcoming platform, users will be able to mine digital tokens by playing slots. Entertainment and blockchain app-focused company Spin City will have its $SPC token used by the Web3 project to kickstart the ecosystem that is set to continuously expand and become playable on multiple platforms.

A spokesperson for the project and Spin City said the following in a press release:

“Imagine a gaming platform where every spin could mine you digital gold. That's 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.”

Project Features

Instead of using token sales, by utilizing what they call a “Play + Mine” model, said to be backed by real-world revenue, the project aims to provide “fair earning opportunities” as players take part in a “unique token ecosystem” while playing live-action slots.

That being said, players will be able to experience real live slots at home thanks to the platform’s live streaming technology that is set to immerse you into a virtual slot machine, letting you choose your desired machine as well as reserve it to have it available for use again in the future.

Calvin Ng of Plutus VC added:

“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.”

Players will be able to earn Banana Points through “engaging gameplay and questing” that is supported by a buyback strategy that involves purchasing $SPC and $APE tokens. There will also be a global jackpot that players can compete to try and catch.