Blockchain-Based Mobile Gaming eSports Ecosystem Colizeum Closes $8.4 Million In Funding
January 26 2022 - 9:00AM
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Fresh capital and talent injection to expand platform’s offerings
for mobile game developers Led by renowned investors like Deribit,
SevenX Ventures, Axia8, LD Capital, and Genblock Capital, Colizeum,
the blockchain-based mobile gaming eSports ecosystem, has closed an
$8.4 million round during its latest fundraising drive. Other
prominent industry leaders, including TPS Capital, Momentum6 (Lumen
Capital Group), DWeb3, X21, Profluent Ventures, Good Games Guild
(GGG), CRT Capital, Au21 Capital, Pluto Digital, Basics Capital,
and Tokenomik.io, also participated in this highly subscribed
funding round. Founded in 2021, the Colizeum development team has
made significant progress in terms of product development. The
Colizeum team comprises individuals with extensive knowledge in
mobile game development, cryptocurrencies, and blockchain
technology. Besides the Colizeum ecosystem, the team has also
founded Beetroot Labs, a mobile game development studio, and
developed the award-winning iOS and Android game Dystopia: Contest
of Heroes. Michael Swan, Managing Director at Tokenomik, is
optimistic about Colizeum’s potential to shape the mobile eSports
ecosystem, remarking, “Tokenomik views Colizeum as an excellent
proxy exposure to the vast NFT/play-to-earn gaming multiverse
segment, which continues to expand exponentially, making it
increasingly difficult to identify long-term popular gaming
platforms. We are delighted to be an early collaborator in this
fantastic project, founded by an experienced leadership and
development team.” Beyond the funding round, Colizeum has also
brought new talent to the team, with Wusheng (Sheng Wu), the
world’s most-awarded DOTA player, joining the fold. By
incorporating video game industry veteran Wusheng’s expertise in
the team, Colizeum aims to underline the added value it can deliver
for game developers and the gaming community at large. Commenting
on the successful fundraising round, Davis Ziedins, co-founder of
Colizeum, notes, “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. 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.” Frictionless Solution For
Mobile Game Developers European blockchain startup Colizeum aims to
make mobile eSports accessible for everyone. Built from the ground
up by a team with almost a decade of experience in mobile gaming,
Colizeum merges the power of blockchain technology to enable mobile
game developers to implement tokenized in-game economy and P2E
(play-to-earn) models. Altogether, Colizeum offers a diverse range
of solutions to help expand mobile game developers’ growth and
revenue potential. The platform’s plug-and-play Colizeum SDK
(Software Development Kit) makes it readily accessible for any game
developer, even with no blockchain technology experience. It
removes the complexity and cost of hiring blockchain developer
teams and will support popular game engines like Unity3D in the
future. Developers can seamlessly implement monetization models in
existing games and develop new games from scratch, all while paying
relatively minimal fees compared to app stores’ sky-high in-app
monetization fees. Currently, the Colizeum team is onboarding game
developers before rolling out the beta version of its Colizeum SDK.
In the coming months, the organization will also support monetized
tournaments, prediction markets, and other additional features like
the option to mint in-game assets as NFTs. The Colizeum
play-to-earn model is at the center of the Colizeum ecosystem,
connecting players and game developers via its unified platform.
Powered by its native $ZEUM token, the Colizeum platform is
revolutionizing the monetization opportunities for game developers
while empowering players to generate income as well. Since
developer earnings are capped by the amount of $ZEUM tokens staked
by each player, a developer’s remuneration increases with each
additional player. At the same time, each new player drives the
demand for $ZEUM tokens while keeping them locked within the
Colizeum ecosystem. In addition to the $ZEUM token, Colizeum also
offers player cards and secondary tokens. Using “player cards,”
players can unlock Colizeum services and earn “secondary tokens”’
while playing the games listed on the platform. All “player cards”
are NFTs that come with different rarities and specific properties,
such as access to special perks, exclusive content, and exclusive
communities inside Colizeum.
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