NFTs incoming: Matr1x doubles funding to $20M ahead of its debut Web3 mobile launch

Matr1x Fire is an upcoming NFT shooter on mobile, bolstered by new $10 million funding round

Date Type Companies involved Size
November 27th, 2023 investment Matr1x $10m
NFTs incoming: Matr1x doubles funding to $20M ahead of its debut Web3 mobile launch

Web3 mobile gaming startup Matr1x has raised $10 million in its latest funding round towards development of its first Web3 title, doubling its total investments to $20 million in the process.

This first title, Matr1x Fire, is a mobile team shooter with NFT features, leveraging Matr1x’s experience in non-fungibles with two NFT collections already under its belt. Matr1x Kuku, a third collection, is also in development.

Bringing the heat

The Singapore-based Web3 maker’s latest funding round was led by Folius Ventures and SevenX Fund with further participants including ABCDE Capital, Find Satoshi Lab, Jambo and Initiate Capital.

It follows a September 2022 round that confirmed three titles in development - Matr1x Fire, Matr1x War and Matr1x Evolution - with Matr1x Fire in particular being accelerated by this new 2023 funding.

Characters in Matr1x Fire each have their own backstory explaining why they’ve joined the fight, be they a virtual idol turned self-aware, Bushido-spirited AI, or pigtail-wearing, bubblegum-blowing bandit. The Web3 game will feature a variety of game modes including Competitive, Deathmatch and Teammatch, with plenty of weapons and maps to choose from.

"BANG BANG BANG! We've hit a monumental $10M in our A-2 funding round, skyrocketing our total to $20M. A rousing welcome to our new allies," Matr1x tweeted. "To our esteemed veteran investors - Hana Financial Investments, HashKey Capital, Amber Group, SevenXVentures and 7upDAO - immense thanks! You've been the wind beneath our wings."

New Web3 games may not be as prevalent today as they were back in 2021 - a time when games like Axie Infinity were taking the world by storm - but there are still new players joining the space. This September, for example, Zynga, FunPlus and NetEase veterans received an $8 million investment towards a new NFT dinosaur game, Age of Dino. More recently, we spoke with Immutable’s VP of game design and game director Chris Clay about unlocking Web3's potential.

News Editor

Aaron is the News Editor at and has an honours degree in Creative Writing.
Having spent far too many hours playing Pokémon, he's now on a quest to be the very best like no one ever putting words in the right order.