Australia-based NFT gaming platform Balthazar DAO has raised further financing through a private round of selling tokens, which has increased the company’s valuation.

So far in 2022, Balthazar has succeeded in raising a total of $5.6 million through pre-seed and token sales. First, the NFT gaming platform raised $600,000 via a pre-seed sale, and later on, it added another $3 million through its first Seed Round Token Sale.

Striving to be the top NFT gaming platform available in the metaverse, Balthazar DAO has released another Private Round Token Sale, which has helped the company raise an additional $2 million. This resulted in the company’s valuation being boosted to $60 million.

The equity investment funds that made a bet on Balthazar during the latest round include a long list of established private equity stakeholders such as Yolo Investments, Vendetta, and Digital Asset Capital Management, among others.

John Stefanidis, CEO and Co-Founder of Balthazar, highlighted that Web3 is the future of the video gaming sector. He tried to explain what Balthazar is trying to achieve and how the company positions itself in the gaming market: “We’re building technology that’s applicable to not only the gaming space but the entire crypto industry. We’re starting with gaming, to solve the problems of easy onboarding, opening accounts, in-game marketplace, peer-to-peer transactions, Web3 inventory management systems, and on-chain in-game transactions in real-time. “