- The investment by Square Enix, a renowned Japanese video game publisher responsible for iconic titles like Final Fantasy and Dragon Quest, marks its foray into the realm of Web3 gaming.
- This move underscores Square Enix’s strategic shift towards embracing blockchain technology and its recognition of the potential of decentralized gaming platforms.
In a significant move for the web3 gaming industry, Elixir Games has secured $14 million in seed funding, drawing support from major players like Square Enix, Shima Capital, and the Solana Foundation. This infusion of capital marks a pivotal moment for Elixir Games, propelling its total funding to $20 million.
CEO Carlos Roldan expressed enthusiasm about the company’s future trajectory, highlighting plans to revolutionize the gaming experience by integrating cutting-edge technology and exclusive intellectual property (IP). The funding will be allocated towards the development of Elixir Games’ gaming ecosystem, slated for launch in the second quarter of 2024, and to facilitate the introduction of the $ELIX token, which will underpin the firm’s gaming products and foster community engagement.
Square Enix, renowned for iconic franchises like Final Fantasy and Dragon Quest, has been actively seeking opportunities in the web3 gaming sector, aligning with its strategic vision for expansion and innovation in the digital entertainment landscape. With a substantial net sales figure of $1.69 billion (¥257.6 billion) in the nine-month period ending December 31, 2023, Square Enix’s investment in Elixir Games underscores its commitment to driving growth and exploring new avenues in the gaming industry.
Elixir Games: Bridging Web2 and Web3 Gaming
Elixir Games emerges as a pioneering force in the realm of gaming technology, boasting a comprehensive platform that seamlessly integrates both Web2 and Web3 technologies. Founded in 2019, the US-based company has swiftly positioned itself as a leader in in-game distribution, payments, and authentication. Elixir’s distribution platform offers access to a diverse array of games, encompassing approximately 120 partnered PC games, with full Web2 and Web3 integrations.
What distinguishes Elixir Games is its innovative approach to gaming, harmonizing traditional and blockchain-based games within a single ecosystem. Leveraging its expertise and a dedicated team, Elixir Games is poised to reshape the gaming landscape, offering users a holistic gaming experience that transcends conventional boundaries.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
