ChainCatcher news, the blockchain-based iGaming platform BoxBet has completed financing led by CMCC Global. CMCC is a $500 million venture capital firm supported by the Winklevoss twins and Li Ka-shing's Horizons Ventures, which has previously funded key blockchain projects including Solana. BoxBet intends to use the new funds to expand its influence in regulated markets by obtaining licenses and scaling operations.

ChainCatcher news, according to Cryptodaily, the Telegram-based iGaming platform Boxbe has announced the completion of a strategic funding round, although the specific amount has not been disclosed. The investors include a crypto fund supporting Solana and a leading global iGaming operator, with the names of these investors to be revealed in the coming weeks.Boxbet stated that it will enhance the online gaming experience through a series of unique features and launch a user rewards mechanism. According to information disclosed on its website, it plans to use 30% of its revenue for the purchase and destruction of native tokens on the Ethereum chain, ultimately destroying 75% of the token supply.