News COIN.n SMURF up 4% as they announced today their subsidiary, Hulk Labs, has completed a strategic financing round.
The financing capital will be used to invest in yield-generating play-to-earn assets and to build out its existing gaming teams. COIN is participating in the financing round as the largest investor and will continue to own over 90% of Hulk Labs.
COIN also recently acquired Playte Group who builds tools to power the play-to-earn gaming economy. I think these have been great moves focusing on play-to-earn gaming as crypto starts to move.
https://www.businesswire.com/news/home/20220719005296/en/