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Folius Ventures: Why we invest in Web3 entertainment platform Matr1x.

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The economic model of Matr1x FIRE can, in the best case scenario, help it achieve maximum scale and attract a mainstream market, while completely avoiding the death spiral of Web3, all while maintaining sustained profitability.

Source: Folius Ventures

BlockBeats News, November 22nd, according to official sources, Folius Ventures announced that it has led a $10 million A2 round of financing for Web3 shooting game Matr1x FIRE.

Regarding this, Folius Ventures stated that the Matr1x FIRE team has rich experience in operating mobile FPS games, which has brought explosive growth to its daily active users, making Matr1x a top-notch Web3 project. Based on the strong value production effect and player feedback displayed in the beta version, we believe that this game has sufficient production quality to be competitive even in the Web2 field.

In addition, the mechanisms adopted by Axie and StepN have reached a critical point and cannot be surpassed, while Matr1x FIRE has achieved a sustainable level through a new economic model. It is hoped that the final product can achieve an elegant balance and, in the best case, help Matr1x FIRE achieve maximum scale and attract the mass market, while completely avoiding the death spiral of Web3. It is expected that the official version of the Matr1x FIRE game will be launched around the first quarter of 2024.