Web3 entertainment platform MATR1X completes $10 million Series A-2 financing, bringing the total financing amount to $20 million.
-This round of financing was led by Folius Ventures and co-led by SevenX Ventures. Other notable investment institutions include ABCDE Capital, Find Satoshi Lab, Initiate Capital, and Jambo. The completion of this round of financing will increase MATR1X's total financing amount to $20 million.
On November 23rd, MATR1X officially announced that it has successfully raised $10 million in its recent Series A-2 funding round, bringing its total funding to $20 million. The funding round was led by Folius Ventures, a Web3 fund focused on the Asia-Pacific region, and co-led by SevenX Ventures. Other notable investors include ABCDE Capital, Find Satoshi Lab, Initiate Capital, and Jambo.
This round of financing occurred during the high-growth period of MATR1X. Public information shows that the first game, MATR1X FIRE, achieved tremendous success during its Alpha testing in August 2023, attracting 200,000 registered users and over 100,000 game downloads. The game has over 15,000 daily active users, with an average daily game time of over 2 hours.
Previously, MATR1X received investments from top Korean financial institution Hana Financial Group, early ETH investment firm Hashkey Capital, SevenX Ventures, and renowned investment firm Amber Group in its A-1 round of financing.
Folius Ventures founder Jason Kam said, "In exploring the unknown field of Web3 Games, MATR1X has shown tremendous potential. It has achieved an elegant balance that can help MATR1X achieve economies of scale, attract the mass market, and sustain profitability, while completely avoiding the death spiral problem of Web3."
The first game on the MATR1X platform is MATR1X FIRE, which is also the first shooting mobile game in the metaverse. The founding team of the game comes from top game studios around the world, with rich experience in game development and publishing. They have led the release of many well-known game products, with a total active user base of over 100 million and accumulated revenue of over 5 billion US dollars.
MATR1X is unique in the Web3 world, mainly because it has taken a special path, integrating gaming, esports events, IP, and creative ecology, with each section empowering the others. MATR1X is currently developing a trilogy of games, with the narrative of the trilogy revolving around the central theme of Web3: centralization and decentralization, as well as the conflict of personal data sovereignty. MATR1X's emphasis on personal data sovereignty, as well as its promotion of NFTs for cross-game and cross-platform use, has attracted the attention of many well-known figures in the Web3 industry.
It is reported that the third set of NFT MATR1X KUKU will soon be launched by MATR1X. As a platform-level NFT, KUKU corresponds to the IP and creator ecology of MATR1X, and holders have the right to share MATR1X creator's economic income. At the same time, KUKU is also a battle pet that can be upgraded in the game.
MATR1X co-founder Madeira said: "Esports will play a crucial role in the development of Web3 Games, and MATR1X is very excited to be at the forefront of this historic process."
In recent months, multiple regions around the world have been vigorously promoting the esports industry. The first Esports Olympics held in Singapore further enhanced the region's attractiveness globally, with shooting games playing an important role. The MATR1X team believes that Web3+ esports has tremendous potential and is working to popularize it in various regions around the world. Today's investment marks the next exciting phase of MATR1X's journey.
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