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

New injection of capital and talent to expand platform offerings for mobile game developers

Led by renowned investors such as Deribit, SevenX Ventures, Axia8, LD Capital and Genblock Capital, Colizeum, the blockchain-based mobile gaming eSports ecosystem, closed a round of $8.4 million in its latest fundraising of funds. Other top 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 includes people with extensive knowledge in mobile game development, cryptocurrencies, and blockchain technology. Besides the Colizeum ecosystem, the team 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 of Tokenomik, is optimistic about Colizeum’s potential to shape the mobile esports ecosystem, remarking, “Tokenomik sees Colizeum as an excellent indirect exposure to the broad multiverse segment of NFT/play-to-earn gaming. , which continues to grow exponentially. , making it increasingly difficult to identify popular long-term gaming platforms. We are delighted to be one of the first contributors to this fantastic project, founded by an experienced management 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 integrating the expertise of video game industry veteran Wusheng into the team, Colizeum aims to highlight the added value he can bring to game developers and the gaming community at large.

Commenting on the fundraising success, Davis Ziedins, co-founder of Colizeum, noted, “We are proud to serve the growing community of game developers and offer a set of tools that will help developers focus on what they know best – building great games. The entire Colizeum team is honored that Colizeum is backed by outstanding industry professionals and huge communities that help us build the product and helped us drive the ambitions of the project to a whole new level.

Frictionless solution for mobile game developers

European blockchain startup Coliseum aims to make mobile eSports accessible to everyone. Built from the ground up by a team with nearly a decade of experience in mobile gaming, Colizeum merges the power of blockchain technology to enable mobile game developers to implement a tokenized gaming economy and P2E models. (play-to-earn).

Altogether, Colizeum offers a diverse range of solutions to help develop the growth and revenue potential of mobile game developers. The platform’s plug-and-play Colizeum SDK (software development kit) makes it easily accessible to any game developer, even without blockchain technology experience. It removes the complexity and cost of hiring teams of blockchain developers and will support popular game engines like Unity3D in the future.

Developers can seamlessly implement monetization models into existing games and develop new games from scratch, all while paying relatively minimal fees compared to app stores’ exorbitant 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 such as the ability to create in-game assets as NFTs.

Colizeum’s play-to-win model is at the center of the Colizeum ecosystem, connecting gamers and game developers through its unified platform. Powered by its native $ZEUM token, the Colizeum platform is revolutionizing monetization opportunities for game developers while allowing gamers to generate revenue as well. Since developer earnings are capped by the number of $ZEUM tokens wagered by each player, a developer’s compensation increases with each additional player. At the same time, each new player drives demand for $ZEUM tokens while keeping them locked into the Colizeum ecosystem.

In addition to the $ZEUM token, Colizeum also offers player cards and secondary tokens. Using “Gamer 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 specific rarities and properties, such as access to special perks, exclusive content, and exclusive communities inside Colizeum.