MATR1X is a Web3 entertainment platform that integrates gaming, esports events, IP, and NFT. Its first game, MATR1X FIRE, is also the first shooting mobile game in the metaverse. The platform has attracted over 200,000 registered users. The latest funding round was led by Folius Ventures and co-led by SevenX Ventures. Other notable investors include ABCDE Capital, Find Satoshi Lab, Initiate Capital, and Jambo. This funding round brings MATR1X’s total financing to $20 million.
In a recent press release, MATR1X announced that it has successfully raised $10 million in its A-2 funding round, bringing its total financing to $20 million.
Folius Ventures, a Web3 fund focused on the Asia-Pacific region, led the funding round, with SevenX Ventures also participating. Other notable investors include ABCDE Capital, Find Satoshi Lab, Initiate Capital, and Jambo.
This funding round comes during a period of rapid growth for MATR1X. Public data shows that its first game, MATR1X FIRE, achieved tremendous success during its alpha testing in August 2023. It attracted 200,000 registered users, over 100,000 game downloads, and had over 15,000 daily active users with an average daily gameplay duration of over 2 hours.
Prior to this, MATR1X received investments from top Korean financial institution Hana Financial Group, early ETH investment firm Hashkey Capital, SevenX Ventures, and Amber Group in its A-1 funding round.
Jason Kam, founder of Folius Ventures, stated, “MATR1X has shown great potential in exploring the unknown territory of Web3 Games. It has achieved an elegant balance that can help MATR1X achieve economies of scale, attract mass markets, and sustain profitability while completely avoiding the death spiral problem of Web3.”
MATR1X’s first game, MATR1X FIRE, is also the first shooting mobile game in the metaverse. The game’s founding team comes from top global game studios with extensive experience in game development and publishing. They have led the release of numerous well-known game products, with a total of over 100 million active users and over $5 billion in revenue.
MATR1X stands out in the Web3 world by integrating gaming, esports events, IP, and creative ecology, empowering each sector. MATR1X is currently developing a game trilogy, which revolves around the theme of centralization and decentralization in the Web3 world, as well as the conflict of personal data sovereignty. MATR1X’s emphasis on personal data sovereignty and its promotion of cross-game, cross-platform use of NFTs have attracted the attention of many well-known figures in the Web3 community.
It is reported that MATR1X’s third set of NFTs, “MATR1X KUKU,” is about to be released. As a platform-level NFT, KUKU corresponds to MATR1X’s IP and creator ecosystem. Holders of KUKU have the right to share in the creator’s economic income, and KUKU is also an upgradable combat pet in the game.
Madeira, co-founder of MATR1X, stated:
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