Makers Fund Invests in Matr1x, Further Fuelling the Web3 Fire
Staff Writer • 2024-07-26
SINGAPORE, - In a strategic move that underscores the growing potential of the Web3 gaming sector, Matr1x, the pioneering gaming platform integrating AI, Esports, and blockchain, has secured significant investment from Makers Fund. Although the exact figure remains undisclosed, this investment marks Makers Fund's first foray into a US-based venture for the rapidly expanding Singaporean company. Pioneering Web3 Gaming with Matr1x Fire Matr1x has positioned itself at the forefront of Web3 gaming innovation, with its flagship mobile shooting game, Matr1x Fire, achieving 2.5 million downloads and approaching 100,000 daily active users even before its official launch. This milestone highlights the burgeoning interest and potential within the Web3 Esports industry. "The team’s unique mix of long-term mobile game development expertise and early adoption of crypto technology is evident in their forward-thinking approach," said Lia Zhang, Principal at Makers Fund. "We see them as one of the rare teams capable of delivering an impressive game while fostering a global competitive community. We’re excited to support them as they launch Matr1x Fire and introduce new mobile games alongside many exciting ecosystem partners." A Strong Track Record and Innovative Vision Since its inception in 2022, Matr1x has evolved rapidly, combining in-house blockchain infrastructure with an innovative Game Distribution as a Service (GDaas) model. The platform aims to propel high-quality games and Esports tournaments to critical scale, appealing to a diverse global audience. The Matr1x team boasts over a decade of experience from renowned global gaming companies, contributing to a cumulative user base exceeding 400 million and generating over $5 billion in revenue. The company’s ecosystem includes several game pipelines from both in-house and third-party developers, such as Matr1x Fire, Matr1x Battle (a battle royale version of Matr1x Fire), and Castile (a Cthulhu-style ARPG card game). Recent additions like Evermoon (a 5vs5 MOBA game) and Geda (an experienced Esports tournament operator) further underscore Matr1x’s commitment to high-quality game production and mass adoption of Web3 gaming. Driving Innovation in Web3 Esports Matr1x has demonstrated its impact in the Esports sector with events like the Matr1x Fire Asia Masters 2024. The grand final, held at the Hong Kong Web3 Festival, attracted nearly 1.9 million live views on Twitter, contributing to a record-breaking total viewership of 6.2 million for Matr1x Esports tournaments. The platform's innovative approach addresses current challenges in Web3 gaming, including replicating the business model of CSGO to provide sustainable solutions to industry issues like the death spiral problem. "Web3 gaming is not a fad but the future of the sector," said Madeira, co-founder of Matr1x. "Our success illustrates the potential of integrating decentralized principles for enjoyment, engagement, and empowerment. With the support of visionary investors like Makers Fund, we are pushing the boundaries of what Web3 can achieve." Continued Momentum and Future Prospects This investment follows Matr1x’s successful A-2 financing round in November 2023, where the company raised $10 million, led by Folius Ventures and co-led by SevenX Ventures. Other participants included ABCDE Capital, OKG Ventures, Find Satoshi Lab, Initiate Capital, and Jambo, with Hana Financial Group, Hashkey Capital, SevenX Ventures, Amber Group, and Initiate Capital among previous backers. About Matr1x Matr1x is an innovative cultural and entertainment platform combining gaming, AI, Esports, and blockchain infrastructure. With a mission to revolutionize the global gaming and digital content industry via blockchain and AI technology, Matr1x aims to drive mass adoption of Web3 gaming. For more information, visit matr1x.io.
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