Elixir Games raises $14m seed round to shape the global gaming ecosystem

Elixir Games raises $14m seed round to shape the global gaming ecosystem

Published: 08-04-2024 10:22:00 | By: Pie Kamau | hits: 1939 | Tags:

Elixir Games, a web3 gaming distribution platform backed by Square Enix, announced the close of its $14 million seed funding round, to spearhead the development of a comprehensive global gaming ecosystem that will launch later this year. The funding will also support the launch of the $ELIX token, which will power Elixir Games products, as well as the Launchpad & Incubation Program, also arriving in 2024.

Investors in the Seed round include Square Enix, the Solana Foundation and Shima Capital,  among other private entities. The funding round was extended to allow additional investors to back Elixir and the company's roadmap for the new ecosystem. 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.

Carlos Roldan, CEO, Elixir Games: "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."

Elixir Games has continued to grow and innovate in the web3 gaming space since its start in 2020, garnering recognition for its flagship product, the Launcher platform, which currently hosts over 130 different games and has already exceeded 500,000 registered unique users. The company further expanded its presence in the gaming industry late last year with the acquisition of LitLab Games, the spanish gaming studio behind the incredibly popular auto-chess title CyberTitans.

Elixir has an extensive roadmap of upcoming releases in 2024, starting with the release of the $ELIX token that 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, bringing with it a seamless experience for users on the platform. The Elixir Launchpad & Incubation platform is aimed at addressing existing gaps in the web3 gaming market, and will implement a five tier system that will unlock premium features on the platform, as well as exclusive access to initial game offerings (IGO).

Additionally, 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.