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On May 27th, Loot Labs, a Web3 loot blind box development company, completed a $1.5 million Pre-Seed round of financing, led by BITKRAFT Ventures, Polygon Ventures, Mechanism Capital, Lofty Ventures Syndicate and video game anchor Hammoudi Yassuo Abdalrhman participated in the investment, new funds Will be used for product development, marketing efforts of Web3 loot blind box platform Boxed.gg, and for partnerships to strengthen community engagement with existing assets.