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Matr1x Secures Additional $10M Fund Raise

Sponges By Sponges
November 30, 2023 - Updated on December 31, 2025
in News
Reading Time: 1 min read
Juice Gaming News | Web3 Gaming

Juice Gaming News | Web3 Gaming

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Matr1x, a renowned NFT gaming company, has secured a significant $10M from its recently completed funding round. The team plans to channel this additional funding into the development of ambitious mobile gaming projects.

Folius Ventures led the funding round, with Seven X, a crypto venture capital firm, playing a pivotal role as a co-lead investor. Other notable contributors included ABCDE Capital, Jambo, Initiate Capital, and Find Satoshi Lab.

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In recent months, Matr1x has been actively developing its first-person mobile shooter game, Matr1x Fire. This game features a competitive gameplay style, allowing players to form a five-person team and engage in intense battles. While there are stylistic and gameplay similarities to Riot Games’ popular shooter, Valorant, Matr1x Fire distinguishes itself with unique mechanics. The development team has clarified that Matr1x Fire aligns more closely with CS: GO, emphasizing gunplay and strategic shooting, and deliberately avoiding the inclusion of heroes with special powers or skills. This distinction comes in the wake of similar games like Valorant and NetEase’s Hyper Front facing legal challenges over game mechanics.

Tags: Crypto GamesFundingShooter
Sponges

Sponges

Sponges is a gamer and avid reader who began his journey into Web3 gaming as an enthusiast in 2020. Since then, he has pivoted himself as a writer who aims simplify stories for readers.

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