Colizeum Closes $8.4 Funding Round, Onboards DOTA Legend

Colizeum officially completed its fundraising round amounting to $8.4 million. The network is an SDK that enables game developers to combine monetization options and implement tokenized game modes and Play-To-Earn economy regardless of their knowledge in blockchain development.

The event was led by famous blockchain investors such as Deribit, SevenX Ventures, Axia8, LD Capital, and Genblock Capital. Furthermore, other investors include 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.

Davis Ziedins, Colizeum Co-founder explained,

Last year brought significant changes to the mobile gaming industry, which led to game developers of every size to discover new monetisation methods and user accession tactics in order to continue to compete in the current market. 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.

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!

Whole Colizeum team is honoured 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.

Aside from the funding success of the network, Colizeum also welcomes Wusheng (Sheng Wu), the most awarded DOTA player. Wusheng expertise in the video gaming industry will help the network in bringing the future to mobile game developers.

Meanwhile, Colizeum has a native digital asset  —  ZEUM token. The digital asset will be used to fuel the network and its four key products such as Play-to-earn model, attention marketplace, tournaments, and prediction markets.

Michael Swan, Managing Director at Tokenomik Inc. added:

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.

Colizeum, through its blockchain centric game development toolset, represents an excellent macro-level collaboration opportunity, with its class-leading modular game building tools, which has already attracted some of the best-in-breed developers to the ecosystem.

We are delighted to be an early collaborator in this fantastic project, founded by an experienced leadership and development team.

On the other hand, Colizeum plans to create many other additional network features in the future; one of them is NFT Integrations – a feature where game developers will be able to mint their game assets as NFTs.