MATR1X is a Web3 entertainment platform that integrates gaming, esports events, IP, and NFT. The first game on the MATR1X platform, MATR1X FIRE, is also the first shooting mobile game in the metaverse. It has over 200,000 registered users. The latest funding round was led by Folius Ventures and co-led by SevenX Ventures. Other notable investors include ABCDE Capital, Find Satoshi Lab, Initiate Capital, and Jambo. This funding round brings MATR1X’s total funding to $20 million.
In a recent press release provided by MATR1X, it was announced that they have successfully raised $10 million in the A-2 funding round, bringing their total funding to $20 million.
Folius Ventures, a Web3 fund focusing on the Asia-Pacific region, and SevenX Ventures co-led this funding round. Other notable investors include ABCDE Capital, Find Satoshi Lab, Initiate Capital, and Jambo.
This funding round comes at a time of rapid growth for MATR1X. Public data shows that their first game, MATR1X FIRE, achieved significant success in its alpha testing in August 2023. It attracted over 200,000 registered users, with over 100,000 game downloads and over 15,000 daily active users. The average daily gameplay time per user exceeds 2 hours.
Prior to this funding round, MATR1X received investments from top Korean financial institution Hana Financial Group, early ETH investors Hashkey Capital, SevenX Ventures, and Amber Group.
Jason Kam, the founder of Folius Ventures, stated, “In the process of exploring the unknown territory of Web3 Games, MATR1X has shown tremendous potential. It has achieved an elegant balance that can help MATR1X achieve economies of scale, attract mass markets, and generate continuous profits while completely avoiding Web3’s death spiral problem.”
MATR1X’s first game, MATR1X FIRE, is the first shooting mobile game in the metaverse. The game’s founding team comes from leading global game studios with extensive experience in game development and publishing. They have released numerous well-known game products with a total of over 100 million active users and generated over $5 billion in revenue.
MATR1X stands out in the Web3 world by integrating gaming, esports events, IP, and creative ecosystems, empowering each sector. MATR1X is currently developing a game trilogy, with the narrative revolving around the central theme of Web3: centralization and decentralization, as well as the conflict of personal data sovereignty. MATR1X’s emphasis on personal data sovereignty and its promotion of cross-game, cross-platform use of NFTs have caught the attention of many well-known figures in the Web3 community.
It is reported that MATR1X’s third set of NFTs, “MATR1X KUKU,” will be launched soon. KUKU is a platform-level NFT that corresponds to MATR1X’s IP and creator ecosystem. Holders of KUKU have the right to share the creator’s economic income of MATR1X. Additionally, KUKU can be upgraded as a battle pet in the game.
Co-founder of MATR1X, Madeira, expressed: