Arcade2Earn, a play-to-earn gaming platform that recently moved away from Solana to Ethereum and Avalanche, has raised $4.8 million in a new funding round led by Crypto.com Capital.

Other investors included Solana Ventures, Shima Capital, KuCoin Labs, and GSR, Arcade2Earn said Tuesday. The funding was realized via a simple agreement for future tokens, Josh Poole, co-founder and CEO of Arcade2Earn, told The Block. The fundraising effort spanned about a year, concluding at the end of 2023, Poole said.

Arcade2Earn will also conduct a public token sale. "Our public token sale will be for the $ARC token, which is on Ethereum, starting Feb. 27 and lasting 72 hours on the Fjord Foundry platform," Poole said. The project will sell 1.875% of the token's total supply, which is 15 million tokens …