Metaverse News

Colizeum Closes $8.4M Funding Round

Colizeum, a blockchain-based mobile gaming ecosystem, recently announced it closed an $8.4 million fundraising round that was led by Deribit, SevenX Ventures, Axia8, LD Capital, and Genblock Capital. Other participants included TPS Capital, Momentum6, DWeb3, X21, and so on.

Along with this fundraising round, the company also announced that the world’s most-decorated Dota player, Sheng Wu, had joined the team. Through his video game industry expertise, the organization aims to deliver a development experience that can be easily approached by all interested members of the gaming community.

“We’re proud to serve the growing game development community and to offer a set of tools which will help developers to focus on what they know the best – building great games,” said co-founder Davis Ziedins. “The whole Colizeum team is honored that Colizeum is backed by outstanding industry professionals and enormous communities which are helping us to build the product and has helped us to set the ambitions of the project on a whole different level.”

Colizeum was founded in 2021. The organization aims to offer a frictionless shortcut to mobile game developers so that they can implement play-to-earn mechanics and tokenized game modes into their titles.

(All information was provided by Cointelegraph and NewsBTC)

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