The Singapore-based NFT gaming company Matr1x has successfully secured an impressive $10 million in additional funding. This financial boost, announced just recently, is aimed at propelling their mobile gaming ventures to new heights.
Securing the Funds
Leading this notable A-2 funding round was Folius Ventures, a name well-regarded in the crypto VC world. They were not alone in this endeavor; SevenX also played a pivotal role as a co-lead investor. A consortium of other notable investors, including ABCDE Capital, Jambo, Initiate Capital, and Find Satoshi Lab, the creators behind the games Stepn and Gas Hero, also contributed to this round of funding.
A Rising Total
This recent funding influx has significantly boosted Matr1x’s total venture capital to an impressive $20 million. This marks a notable milestone, as it effectively doubles the $10 million the company had previously raised in 2022, signaling strong investor confidence and a promising future for the firm.
The Vision of Matr1x
Folius Ventures founder Jason Kam, in a statement, highlighted the unique position of Matr1x in the market. He pointed out the company’s potential to break new ground in the industry, especially during a period marked by a general downturn in the crypto sector. Kam praised Matr1x for its potential to achieve significant market appeal, sustain profitability, and avoid the pitfalls commonly associated with Web3 projects.
Matr1x Fire: A Flagship Product
The studio’s flagship product, Matr1x Fire, is a first-person shooter game designed for mobile devices. The game stands out with its distinctive aesthetic that bears a resemblance to the popular shooter game Valorant by Riot Games. Matr1x Fire offers players a selection of characters to choose from, forming five-person teams to engage in combat. The studio has high hopes for the game to foster an esports community. To date, Matr1x has released two NFT collections and plans a third, which will provide members with governance access, revenue sharing opportunities, and an upgradeable battle pet.
Comparisons and Clarifications
Despite its promising outlook, Matr1x Fire has drawn comparisons to other games in the genre, particularly Hyper Front, which faced legal challenges from Riot Games for alleged similarities to Valorant. This comparison has raised questions about the uniqueness of Matr1x Fire. In response, Matr1x clarified that their game is more akin to CS:GO in style, focusing on gun handling and control, rather than special powers or skills that are a hallmark of Valorant.
Building a World
Furthermore, the Matr1x team is dedicated to expanding the game’s universe. They have begun publishing extensive lore for Matr1x Fire, detailing a war in the year 2061 and further enriching the game’s backdrop. This move is likely to add depth to the game and enhance player engagement.
FAQs
- What is Matr1x Fire? Matr1x Fire is an NFT-based first-person shooter game for mobile devices, developed by the Singapore-based company Matr1x.
- How much funding has Matr1x recently raised? Matr1x has recently raised $10 million in funding, bringing its total VC funding to $20 million.
- Who led the latest funding round for Matr1x? Folius Ventures led the latest funding round, with SevenX as a co-lead investor.
- How is Matr1x Fire different from other shooter games like Valorant? Matr1x Fire is more similar to CS:GO in its gameplay, focusing on gun handling and control, without special powers or skills.
- What future plans does Matr1x have for its game? Matr1x plans to release a third NFT collection, which will provide governance access, revenue sharing, and an upgradeable battle pet for the game.