Elixir Games, a leading web3 gaming distribution platform backed by Square Enix, announced the close of its seed funding round at $14 million to drive the development of a comprehensive global gaming ecosystem that will launch later this year.
This additional funding will also support the launch of the $ELIX token, which will power Elixir Games products, and the Launchpad & Incubation Program, which will also arrive in 2024.
The investors in the seed round include Square Enix, the Solana Foundation, Shima Capital, and other private entities. The funding round was extended to enable additional investors to back Elixir and the company’s roadmap for the new ecosystem. The participants in the funding round were particularly interested in supporting the Launchpad & Incubation Program, a support program for web3 gaming developers that will provide a streamlined launch process for games under the Elixir portfolio.
Since its start in 2020, Elixir Games has continued growing in the web3 gaming space, gaining recognition for its flagship product, the Launcher platform. The platform currently hosts over 130 games and has already exceeded 500,000 registered unique users. Late last year, the company further expanded its presence in the gaming industry by acquiring LitLab Games, the Spanish gaming studio behind the popular auto-chess title CyberTitans.
Elixir’s roadmap for upcoming releases this year starts with the release of the $ELIX token, which will safely simplify the web3 user experience via a game platform, marketplace, and launchpad. Following the $ELIX token, the Elixir Launchpad is set to arrive later this year. The Elixir Launchpad & Incubation platform aims to address existing gaps in the web3 gaming market and will implement a five-tier system that will unlock premium features on the platform and exclusive access to initial game offerings (IGO).
Plus, Elixir has launched a promotional Season Pass to reward players for engaging on the Launcher platform. Starting on April 4th, users will be rewarded for time played on various titles available via the Launcher, unlocking prizes and rewards for their participation.
KEY QUOTE:
“Today marks a growth moment for Elixir Games, fueling our mission to revolutionize the global gaming ecosystem. This achievement reflects our commitment to innovation, unity, and excellence in web3 gaming. As we embark on this journey, our focus is on fostering a community with our infrastructure that leads to groundbreaking gaming experiences.”
- Carlos Roldan, CEO of Elixir Games
