Elixir Games, a top decentralized gaming platform, recently announced that it has raised $14 million in seed funding from prominent backers. The list of investors includes large names like Square Enix, the famous developer of Final Fantasy, and the Solana Foundation. Shima Capital, a top venture capital firm, also participated in the funding round.
Boosting The Gaming Network
The main objective of this funding initiative is to create a decentralized gaming ecosystem scheduled for launch within the coming year. This initiative involves enhancing Elixir’s current platform, which presently hosts over 130 games and boasts more than 500,000 registered users. The funds acquired will also enable the introduction of Elixir’s native token, ELIX, which will serve as the backbone for their products and services.
In addition to advancing its platform, Elixir Games has earmarked a portion of the funding for the launch of the Launchpad & Incubation Program. This program aims to support crypto game developers by providing them with essential resources and guidance, nurturing growth, and fostering innovation within the ecosystem.
Square Enix’s Involvement
Square Enix’s participation in the funding round is not surprising, considering their collaboration with Elixir Games which was announced in 2023. Nevertheless, it is worth noting that Square Enix has also invested in a competing crypto gaming launcher known as HyperPlay. This highlights a non-exclusive relationship with Elixir and a widespread interest in the crypto gaming sector.
Carlos Roldan, CEO of Elixir Games, conveyed his enthusiasm regarding the funding, describing it as a pivotal achievement for the company’s mission to drive innovation within the global gaming ecosystem. This funding round comes on the heels of Elixir Games’ recent expansion achieved through the acquisition of LitLab Games, a move that has significantly enhanced its game portfolio.
Upcoming Campaigns And Launches
Elixir Games has multiple planned launches for 2024, including the unleashing of the ELIX token and the Elixir Launchpad. These initiatives strive to unveil premium platform features and initial game offerings to their user base.
Moreover, on April 4, the firm will kick off a season pass campaign that provides $750,000 worth of prizes via game tournaments and other promotional activities. The campaign is expected to engage the gaming space and attract more users to Elixir’s platform.
The Takeaway
The substantial funding secured by Elixir Games represents a significant stride in revolutionizing the gaming sector through its decentralized model. Elixir Games is focused on establishing a platform that benefits both developers and gamers, fostering a fair and transparent gaming environment. With the introduction of their native token and forthcoming initiatives, Elixir Games is poised to make a profound impact on the gaming landscape.
