Elixir Games, a leading decentralized gaming platform, recently announced that it has raised $14 million in seed funding from prominent backers. The list of investors includes big names like Square Enix, the renowned developer of Final Fantasy, and the Solana Foundation. Shima Capital, a leading venture capital firm, also participated in this financing round.
Improving the gaming ecosystem
The primary goal of this funding is to develop a decentralized gaming ecosystem that will launch within the year. This includes improving Elixir’s existing platform, which currently hosts more than 130 games and has more than 500,000 registered users. The money raised will also facilitate the launch of Elixir’s proprietary token, called ELIX, which will power their products and services.
In addition to developing its own platform, Elixir Games has also earmarked a portion of the funding for the debut of the Launchpad & Incubation Program. This program is designed to support crypto game developers by providing them with resources and guidance, fostering growth and innovation within the ecosystem.
Square Enix’s involvement
Square Enix’s participation in this funding round is not surprising, given their partnership with Elixir Games announced last year. However, it’s worth noting that Square Enix has also invested in a competing crypto gaming launcher called HyperPlay. This indicates a non-exclusive relationship with Elixir and a broader interest in the crypto gaming industry.
Carlos Roldan, CEO of Elixir Games, expressed his excitement about the funding, stating that it is an important milestone for the company’s mission to innovate within the global gaming ecosystem. This funding round follows Elixir Games’ recent expansion through the acquisition of LitLab gameswhich has enriched their gaming portfolio.
Upcoming launches and campaigns
Elixir Games has several launches planned for 2024, including the release of the ELIX token and the Elixir Launch Pad. These initiatives aim to introduce premium platform features and initial game offerings to their user base.
Additionally, the company will launch a season pass campaign on April 4 that will offer $750,000 in prizes through gaming tournaments and other promotional activities. This campaign is expected to engage the gaming community and attract more users Elixir’s platform.
Conclusion
The significant funding raised by Elixir Games marks an important step towards transforming the gaming industry with its decentralized approach. By providing a platform for both developers and gamers, Elixir Games aims to create a fairer and more transparent gaming ecosystem. With the launch of their own token and several upcoming initiatives, Elixir Games is set to make a significant impact in the gaming world.
