Blockchain-Based Mobile Gaming eSports Ecosystem Colizeum Closes $8.4 Million In Funding

Source : newsbtc.com

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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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