TOKHIT, a gamified social app developed by a Romanian startup of the same name, said on Thursday that it has secured $100 million (93 million euro) in financing from an international investment fund.

The funding round comes on the heels of a preliminary $100,000 seed investment and three rounds dedicated to token sales, TOKHIT said in a press release. Capitalisation will be conducted through TOKHIT Holding Switzerland, part of ODAS Group, which will coordinate development and promotion activities globally.

The startup did not reveal the name of its investor nor the company valuation at which the deal was concluded. “Funds will be used to fuel further development of the product on all devices, strengthen global reach and fulfil international ambitious goals in terms of user conversions, as well as to support the listing on the crypto platforms,” TOKHIT founder and CEO Andrei Ureche said.

TOKHIT is powered by blockchain and NFT technology, offering a space where content creators, crypto investors and NFT enthusiasts can monetise their social activity.