OKX Ventures Backs Matr1x’s Web3 Gaming Ambitions with $100 Million Commitment

OKX Ventures, the investment arm of OKX, a prominent Web3 technology firm, has announced a strategic investment in Matr1x, a leading Web3 entertainment platform. Specializing in the creation of cyberpunk-themed esports games, Matr1x is a next-gen player in the Web3 space. The investment is part of a broader initiative, with venture capital firms injecting $20 million into Matr1x to support its innovative endeavors.

Matr1x is actively developing its flagship project, Matr1x Fire, a first-person shooter inspired by CS: GO. Distinguishing itself with a ‘battle-royale’ mode, the game encourages players to collaborate in defeating adversaries for ultimate victory. 

Matr1x Fire integrates Non-Fungible Tokens (NFTs), a key element of Web3 technology, to provide players with unique experiences and privileges. This innovative use of NFTs enhances the game’s appeal by offering a decentralized narrative featuring a resistance force combating data cartels. The storyline adds depth to the gaming experience, and Matr1x Fire is set to be accessible on both mobile and desktop platforms.

With a focus on mobile and desktop accessibility, Matr1x Fire aims to captivate gamers with an immersive and decentralized narrative that unfolds in the ongoing conflict between data cartels and a decentralized resistance force.

Matr1x’s co-founder, Madeira, expressed immense satisfaction with the ongoing project, emphasizing the company’s ambition to evolve into a prominent entertainment and cultural platform. 

In detailing Matr1x’s aspirations, Madeira articulated, “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 Ventures, the investment arm of the prominent global cryptocurrency exchange and Web3 technology company OKX has made an investment commitment, pledging $100 million. Dedicated to identifying and endorsing top-tier blockchain projects worldwide, the venture aims to propel breakthroughs in blockchain technology while maintaining long-term investments to boost the sustained growth of the global blockchain sector. 

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