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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    how NFTs became a global brand and a Web3 “social currency”

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Ethereum Collections Lead NFT Sales Today

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    how NFTs became a global brand and a Web3 “social currency”

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    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

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    CryptoPunks Floor Price Hits 3-Year High of $208,000

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    NFT sales surge to $574 million in July, second-highest in 2025

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    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

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    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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    Early Off the Grid Skin Holders Are Cashing In – Will You?

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    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

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    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

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    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

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  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Gaming

Elixir Games Secures Funding from Square Enix and Solana Foundation

March 28, 2024
in Gaming
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Elixir Games Secures Funding from Square Enix and Solana Foundation
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Elixir Games, a leading decentralized gaming platform, has recently announced that it has raised $14 million in seed funding from prominent backers. The list of investors includes big names such as Square Enix, the renowned developer of Final Fantasy, and the Solana Foundation. Shima Capital, a leading venture capital firm, also participated in this funding round.

Enhancing the gaming ecosystem

The primary goal of this funding is to develop a decentralized gaming ecosystem that is set to launch within the year. This will involve enhancing Elixir’s existing platform, which currently hosts over 130 games and has more than 500,000 registered users. The funds raised will also facilitate the launch of Elixir’s own token, called ELIX, which will power their products and services.

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Apart from developing its own platform, Elixir Games has also allocated a portion of the funding towards the debut of the Launchpad & Incubation Program. This program is designed to support crypto game developers by providing them with resources and guidance, fostering growth and innovation within the ecosystem.

Square Enix’s Involvement

Square Enix’s participation in this funding round is not surprising, considering their partnership with Elixir Games that was announced last year. However, it is worth noting that Square Enix has also invested in a competing crypto gaming launcher called HyperPlay. This indicates a non-exclusive relationship with Elixir and a broader interest in the crypto gaming industry.

See also  Building a Long-Term NFT Investment Thesis: Key Factors to Consider

Carlos Roldan, CEO of Elixir Games, expressed his excitement about the funding, stating that it is a significant milestone for the company’s mission to innovate within the global gaming ecosystem. This funding round follows Elixir Games’ recent expansion through the acquisition of LitLab Games, which has enriched their game portfolio.

Upcoming launches and campaigns

Elixir Games has several planned launches for 2024, including the release of the ELIX token and the Elixir Launchpad. These initiatives aim to introduce premium platform features and initial game offerings to their user base. 

Additionally, on April 4, the company will kick off a season pass campaign that offers $750,000 worth of prizes through game tournaments and other promotional activities. This campaign is expected to engage the gaming community and attract more users to Elixir’s platform.

Conclusion

The significant funding raised by Elixir Games marks a major step towards transforming the gaming industry with its decentralized approach. By providing a platform for both developers and gamers, Elixir Games aims to create a more fair and transparent gaming ecosystem. With the launch of their own token and various upcoming initiatives, Elixir Games is set to make a significant impact in the world of gaming. 

  • Mia Patel

    Gaming innovator with a zest for exploring the potential of blockchain in fostering community-driven platforms.

    View all posts

Tags: ElixirEnixFoundationfundingGamesSecuresSolanaSquare

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