SINGAPORE, Tuesday, April 09, 2024 – Elixir Games, a company focused on Web3 gaming, announced it has raised $14 million in seed funding. The round was led by renowned game developer Square Enix, with participation from the Solana Foundation and Shima Capital.1
Web3 gaming platform Elixir Games has received a $14 million investment in its seed round of funding, with investors including gaming giant Square Enix, Shima Capital, and the Solana Foundation. This funding round will bring Elixir Games’ total funding to $20 million. The company plans to use this funding to develop its gaming ecosystem, with plans to launch in the second quarter of 2024 and support the launch of its ELIX token in its gaming products,” a report on Bitget said.
Web3 refers to the next iteration of the internet, characterized by decentralization and user ownership. In the gaming context, it often involves blockchain technology and cryptocurrencies.
This funding will fuel the development of Elixir’s gaming ecosystem, which is expected to launch in the second quarter of 2024. The company also plans to introduce its cryptocurrency token, dubbed $ELIX.
Square Enix’s involvement signifies a strategic move into the Web3 gaming space, aligning with their previously stated investment interests.
“This investment marks a significant step for Elixir Games in its mission to cultivate a decentralized gaming community that delivers unique and engaging experiences,” the company said in a statement.
Elixir Games also plans to utilize the funds to support Web3 game developers through a launchpad and incubation program. This latest round brings their total investment to $20 million.
- finance.yahoo.com: https://finance.yahoo.com/news/elixir-games-nets-us-14[↩]
