According to BlockBeats, on July 30, Loopify, the founder of blockchain game developer Endless Clouds, followed an account named 'Endless Clouds Foundation' on social media and shared a tweet with the symbol '$END,' suggesting that Endless Clouds may be planning to issue a token named END.

Previously, BlockBeats reported that in December of last year, Endless Clouds, the developer behind the blockchain game Treeverse, secured $2.5 million in funding. This funding round was led by notable companies and individuals, including Animoca Brands, Sky Mavis, YGG, Faze Clan, Immutable, Pudgy Penguins, Pixelmon, Pixels Online, Pixel Vault, and several angel investors.

The newly acquired funds are intended to support Endless Clouds in the continued development of its Ethereum-based mobile MMORPG games, Treeverse and Capsule Heroes, as well as other game-related intellectual property content.