SINGAPORE, January 9, 2024 — OKX Ventures, the investment arm of leading Web3 technology company OKX, today announced a strategic investment in Matr1x, a next-gen Web3 entertainment platform that engages users through high-quality, cyberpunk-themed e-sports games.
Matr1x, which has raised about USD$20 million from a range of venture capital firms, is developing Matr1x Fire, a first-person CS:GO style shooting title, as well as a ‘battle-royale’ mode, which allows players to work together on teams to defeat enemies and emerge from the fray victorious. Matr1x Fire will integrate classic Web3 elements, including NFTs which unlock special experiences and privileges, and will be available on mobile and desktop. The game revolves around a generations-old conflict between data cartels and a decentralized resistance.
Co-founder of Matr1x, Madeira, said: “Our goal for Matr1x is to become a leading entertainment and cultural platform promoting industry values such as data sovereignty, privacy protection and decentralization. We’re thrilled to receive the strategic investment of OKX, a fast-growing, leading global exchange with broad appeal among the Web3 community. This investment will primarily be used to further develop the battle royale part of Matr1x Fire, which we expect to launch before the end of the year after the official launch of Matr1x Fire during Q1 2024.”
OKX Founder Dora Yue said: “We believe the rapid growth of Web3 adoption will be driven by dApps, including high-quality games that seamlessly integrate playability with unique Web3 features. Already, we’ve seen the appeal of Matr1x within the crypto community, with its first NFT drop ranking among the top trending collections after launching in December. We look forward to the launch of Matr1x Fire, which we believe will set standards in gameplay and Web3 integration as we welcome a new era of high-quality gaming experiences in 2024.”
For further information, please contact: Media@okx.com
About OKX Ventures
OKX Ventures is the investment arm of global leading crypto exchange and Web3 technology company OKX, with an initial capital commitment of USD100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
This article may cover content on products that are not available in your region. It is provided for general informational purposes only, no responsibility or liability is accepted for any errors of fact or omission expressed herein. It represents the personal views of the author(s) and it does not represent the views of OKX. It is not intended to provide advice of any kind, including but not limited to: (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. OKX Web3 features, including OKX Web3 Wallet and OKX NFT Marketplace, are subject to separate terms of service at www.okx.com.
© 2023 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state:”This article is © 2023 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name,