The web3 gaming agency Elixir Video games raised $14 million in seed funding. Gaming large Sq. Enix, Shima Capital and the Solana Basis participated on this seed spherical.
CEO Carlos Roldan informed The Block that the recent financing brings Elixir Video games’ complete funding raised to $20 million. Following The Spherical, the board of administrators will stay the identical.
Elixir Video games will use the funds to develop its gaming ecosystem, set to go dwell within the second quarter of 2024, and assist the launch of the $ELIX token undergirding the agency’s gaming merchandise, amongst different endeavors.
“At Elixir Video games, we’re revolutionizing gaming by empowering avid gamers past the display,” Roldan mentioned. “With our cutting-edge tech and unique IP, we’re crafting an ecosystem the place gamers do not simply play the sport — they develop with it, fund it and form its future.”
Sq. Enix is a Japanese online game writer accountable for in style titles equivalent to Closing Fantasy, Dragon Quest and Kingdom Hearts. The agency introduced in $1.69 billion (¥257.6 billion) in internet gross sales in a nine-month interval ending Dec. 31, 2023, in keeping with a earnings release.
Sq. Enix said final 12 months that it could put money into web3 gaming corporations, The Block beforehand reported.
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About Writer
MK Manoylov has been a reporter for The Block since 2020 — becoming a member of simply earlier than bitcoin surpassed $20,000 for the primary time. Since then, MK has written practically 1,000 articles for the publication, overlaying any and all crypto information however with a penchant towards NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem tales. MK holds a graduate diploma from New York College’s Science, Well being and Environmental Reporting Program (SHERP) and has additionally lined well being matters for WebMD and Insider. You possibly can comply with MK on X @MManoylov and on LinkedIn.