Web3 Gaming Platform Elixir Raises $14M Funding From Solana Foundation and Square Enix
Web3 gaming platform Elixir Games has raised a $14 million seed funding round from Square Enix, the Solana Foundation and Shima Capital, and others.
Funding will be used by Elixir Games to launch its native token “$ELIX” and its “Launchpad & Incubation Program” which go live later this year.
In an announcement, Elixir Games said investors in the funding round were particularly interested in supporting its Launchpad & Incubation Program which will provide support for web3 gaming developers and launch a process for games under the Elixir portfolio.
“This [funding] achievementreflects our commitment to innovation, unity, and excellence in web3 gaming,” said Carlos Roldan, CEO of Elixir Games, in a press release. “As we embark on this journey, our focus is on fostering a community with our infrastructure that leads to groundbreaking gaming experiences,” said Roldan.
Elixir said it has an “extensive roadmap of upcoming releases in 2024” and this includes the release of its native token $ELIX token that aims to simplify the web3 user experience through its gaming platform.
In December 2023, Elixir has successfully raised $7.5 million in a series A investment round led by Hack Venture Capital. The investment boosted the protocol’s valuation to an impressive $100 million. Investors included AngelList Ventures, NGC Ventures, Bloccelerate, Hudson River Trading, Genesis Trading, and angels from Ledger Prime.
On Tuesday, the Web3 gaming firm Illuvium announced it raised $12 million in a series A funding round with contributions from investors such as Australian venture capital firm King River Capital, Arrington Capital and Animoca Ventures.
The funding will be used to develop new games within the Illuvium ecosystem as the firm
Read more on cryptonews.com
