Colizeum Receives $8.4 Mln Funding & Welcomes DOTA Veteran Sheng Wu.

Colizeum Receives $8.4 Mln Funding & Welcomes DOTA Veteran Sheng Wu.

2022-01-27 | Robin Williams

Colizeum Receives $8.4 Mln Funding & Welcomes DOTA Veteran Sheng Wu.

Colizeum, a high-tech SDK for on-chain game creators, has finished its fundraising phase and has added among the most prominent e-athletes to its staff.

Colizeum receives $8.4 million in funding and employs a DOTA champion

According to a release issued by Colizeum executives with U.Today, its strategic fundraising round has finished effectively. A sum of $8,400,000 was acquired from a slew of well-known venture capitalists.

Deribit, SevenX Ventures, Axia8, LD Capital, and Genblock Capital headed the round, with 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 participating.

Colizeum co-creator Davis Ziedins emphasized the significance of this fundraising round for the whole domain of on-chain play-to-earn businesses.

Wusheng, among the most well-known DOTA gamers in the globe, was also employed by Colizeum (Sheng Wu). He would then lend his unrivaled expertise in the video gaming world to the product's support.

Multiple products, a unified environment for game developers but What exactly is It?

Michael Swan, managing director of Tokenomik Inc., is pleased about the prospects that have been unleashed for Colizeum as the NFT paradigm enters a new phase.

Colizeum is a content-rich toolkit for game developers. It provides clients with a pre-built play-to-earn structure as well as a "notice marketplace," a revolutionary advertising dashboard.

It also provides A-Z launchpads for competitions as well as prediction markets. Its team plans to introduce a slew of new capabilities for GameFi pros in 2022.

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