Matr1x Game Studio Secures $10 Million Funding to Enhance Its Web3 Mobile Gaming Initiative
In Brief
The NFT gaming enterprise Matr1x, headquartered in Singapore, has successfully obtained an extra $10 million to accelerate its mobile Web3 gaming ambitions.
Singapore-based NFT gaming company, Matr1x The creative force behind the mobile shooter Matr1x Fire has successfully raised an additional $10 million to further its mobile gaming venture. Following this recent A-2 funding round, the studio has now amassed a total of funding of $20 million.
The financing round was spearheaded by Folius Ventures, a fund devoted to Web3 initiatives in the Asia-Pacific region, with SevenX as a co-lead. Other prominent investors involved include ABCDE Capital, Find Satoshi Lab, Initiate Capital, and Jambo.
"The growing significance of esports in the gaming landscape is undeniable, and Matr1x aims to participate in this thrilling era. Recent months have demonstrated a surge of investments in esports worldwide, underscoring its allure as a form of entertainment,\" stated Madeira, co-founder of Matr1x.
"The inaugural Esports Olympics held in Singapore has further solidified the genre's universal appeal, especially with first-person shooter titles making substantial waves. Our team has recognized the existing gap in this market and is motivated to make this form of entertainment available to audiences across the globe. Today’s funding marks a thrilling chapter in our journey toward that goal,\" Madeira added.
This fresh influx of funding arrives during a period of impressive growth for Matr1x, following a successful Alpha testing phase back in August. During this phase, the game achieved 200,000 registrations, 100,000 downloads, and 15,000 active users daily, boasting an average of two hours spent per session.
Reflecting on the recent investment, Jason Kam, founder of Folius Ventures, remarked, \"Matr1x possesses genuine potential to explore unchartered territories in this sector. It achieves a graceful balance that could potentially lead to achieving a remarkable scale, attracting a mass audience, and fostering a sustainable revenue model, all while avoiding the pitfalls often associated with the Web3 landscape.\"
Plans for a Third NFT Collection Unveiled
Matr1x is currently releasing two NFT collections The studio is currently strategizing for the launch of a third collection, set to mint under the name Kuku.
As per the game studio's announcement, this new collection will act as a membership credential, granting holders governance access and a share of revenue within its creator economy. In addition, purchasers will be awarded an upgradeable battle pet as part of their investment.
Matr1x Fire, the flagship offering from the studio, is crafted by a dedicated team hailing from leading gaming companies. It merges engaging gameplay, esports integration, and NFT capabilities, establishing itself as a notable contender in the evolving Web3 arena.
This game represents one part of a trilogy that explores the ongoing struggle between centralized and decentralized data systems. The project's strong focus on data ownership, alongside its dedication to promoting NFT transferability throughout the series, has attracted considerable attention from industry leaders.
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