Ulti Arena Technologies, a blockchain-based project that aims to revolutionize the NFT gaming space with its products, announced the organization raised over $4 million from retail investors and VC's (Luna Capital, Panda Capital, Lucid Blue Ventures among others) to launch their own Crypto Collectible Card Game together with FRAG Games and Remote Control Productions.

"We believe that NFT's will change the world of gaming as we know it," said Duke Vu, CEO & Founder of Ulti Arena. "Imagine every game in the future to be made on Blockchain – you can transfer any existing game items from one to another. Assets can be traceable and also unique – artists and developers will have new ways to monetize their creations and see how they're used."

The "ULTI token" was listed on PancakeSwap, a Binance Smart Chain Decentralized Exchange on September 12th. The token will also be listed on Cointiger and BitMart exchanges shortly after its DEX listing.

The Ulti token is the newest product for Ulti Arena which already hosts an NFT Marketplace where buyers and sellers can trade unique 2D/3D assets, music, sound, and UI/HUD elements as well as Proof-of-Gaming, a gaming client that allows users to earn ULTI tokens when playing games such as DOTA 2, LOL, CS:GO, PUBG, Mobile Legends, and more. The innovative Proof-of-Gaming concept provides a consensus mechanism for users to earn ULTI Tokens by just playing games. The longer they play, the more ULTI Tokens will be generated for that particular player.

(All information was provided by Yahoo! Finance)