Colizeum Raised $8.4 Million in a Funding Round Led by Consortium of Investors
European blockchain-based mobile gaming ecosystem Colizeum revealed the completion of its latest fundraising round. Led by industry veterans, including Deribit, SevenX Ventures, Axia8, LD Capital, and Genblock Capital, the Colizeum team successfully raised $8.4 million.
Raising $8.4 Million
As a full-fledged ecosystem for mobile game developers and gamers, Colizeum has progressed well in terms of product development since its launch in 2021. The platform’s plug-and-play SDK – the Colizeum SDK (Software Development Kit), enables mobile game developers to quickly implement in-game tokenization and play-to-earn models in existing games.
Michael Swan, Managing Director at Tokenomik Inc., is optimistic about Colizeum’s potential to help mobile gaming expand into newer horizons.
On Tokenomik’s decision to back the Colizeum project, Swan adds, “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.”
In addition to the fundraising round, the Colizeum team has also welcomed Wusheng (Sheng Wu), the most-awarded DOTA player, to its existing team of gaming industry veterans. Wusheng brings more than a decade of experience in professional video gaming, which will play a key role in helping the Colizeum team showcase its potential and value to the global gaming community and developers alike.
According to Colizeum Co-founder, Davis Ziedins, “Our mission is to build a set of tools that lets any traditional game developer to broaden their game monetisation methods by implementing tokenized games modes and Play-2-Earn economy in their existing and future games and at the same time to unlocking new gaming markets.”
Unlocking Monetization Opportunities for Mobile Gaming
The Colizeum SDK provides game developers with a frictionless way to incorporate play-to-earn economies in games without previous blockchain expertise. Leveraging the SDK, game developers can construct blockchain-native games and add a tokenized game mode to their existing monetization strategies.
Founded in 2021, Colizeum is also behind the renowned mobile game development studio Beetroot Labs and the team behind the award-winning iOS and Android game Dystopia: Contest of Heroes.
The Colizeum ecosystem offers a virtual play-to-earn environment that works quite similar to traditional platforms like Steam but gives gamers and game developers a myriad of monetization opportunities. It stands out as an end-to-end ecosystem that offers connectivity to state-of-the-art blockchain-based infrastructure while empowering game developers to draw upon valuable features like play-to-earn, prediction markets, tokenized tournaments, and an attention marketplace.
In contrast to traditional platforms like Google Play Store and Apple Store, Colizeum offers one-click deployment of mobile games while ensuring transparency, lowering overhead costs, and removing the complexities of hiring blockchain developers.
The Colizeum SDK allows game developers, even those who aren’t acquainted with blockchain technology, to seamlessly implement blockchain-powered in-game tokenomics and monetization models on top of existing traditional models.
The platform aims to expand its infrastructure to ensure that the SDK supports the Unity 3D game engine and other similar platforms in the future, thus enabling the global gaming community to partake in the lucrative play-to-earn ecosystem.
Powered by the platform’s native ZEUM token, the play-to-earn model is at the core of Colizeum’s infrastructure. The token connects global gamers and game developers via a unified platform while enabling all participants to tap into a diverse set of monetization opportunities.
Featured Image Courtesy of CNTravel
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