Matr1x Secures $10M in Fresh Funding for NFT Gaming

Singapore-based NFT gaming entity, Matr1x, recently concluded a triumphant funding round, amassing $10 million for its mobile gaming endeavors. This funding infusion, unveiled on Thursday, highlights Matr1x’s latest A-2 funding phase, primarily steered by Folius Ventures, with SevenX joining as a co-lead investor.

Total Investment of $20M
In addition to Folius Ventures and SevenX, this funding cycle saw robust backing from renowned entities like ABCDE Capital, Jambo, Initiate Capital, and Find Satoshi Lab, recognized for projects such as Stepn and the upcoming Gas Hero game.

This latest investment has propelled Matr1x’s total venture capital funding to an impressive $20 million, effectively doubling the $10 million procured in 2022. This sizable capital injection underscores the burgeoning interest in NFT-centered gaming, a beacon amid the broader crypto market downturn.

Folius Ventures’ founder, Jason Kam, expressed buoyancy about Matr1x’s trajectory. He views the company as poised to navigate the complexities of the Web3 sphere and scale to appeal to a wider consumer base, lauding its strategic positioning.

Matr1x Fire: Mobilizing FPS Gaming
At the forefront is Matr1x Fire, the studio’s hallmark product—a mobile-based first-person shooter (FPS) game. Drawing inspiration from Riot Games’ Valorant, the game promises analogous map layouts, weaponry, and character aesthetics. In its development stage, the game endeavors to cultivate an esports community around its gameplay dynamics.

The Matr1x Universe Unfolds
Expanding its narrative realm, Matr1x has initiated the publication of Matr1x Worldview Stories online. These stories delve into the lore of Matr1x Fire, unfurling the backdrop of a fictional 2061 conflict. This immersive storytelling deepens player engagement beyond the gaming experience.

In essence, Matr1x’s latest funding round fortifies its financial footing and underscores the burgeoning appeal of NFT-centric gaming. Despite prevailing challenges like market skepticism and potential legal hurdles, Matr1x’s distinct strategic approach positions it as a frontrunner in reshaping the landscape of mobile gaming.