Matr1x, first ever mobile metaverse shooter a new hope for web3

Matr1x, the web3 industry’s first-ever mobile shooter, has successfully raised $10 million and is about to close a new round of funding. Past investors include Hana Financial Investments, a subsidiary of Hana Financial Group and a key financial holding company in South Korea; HashKey Capital, well respected for its early investments in Ether (ETH); Amber Group, one of the largest market makers in the Web3 industry; and SevenX, an elite Web3 fund investing heavily in the GameFi sector.

The investment in Matr1x marks the South Korean giant’s first step into the Web3 industry. “It’s rare to see this kind of traditional financial giant in this industry,” commented one industry analyst, declining to disclose his identity, “but Hana’s smart move might have more to do with his metaverse strategy, and I m ‘expect others to follow, as the Metaverse must be open source and decentralized, while GameFi may well pave the way for the ultimate Metaverse.

Matr1x will develop three mobile games with a unified worldview, Matr1x Fire, Matr1x War and Matr1x Evolution, Matr1x Fire being a competitive First Person Shooter (FPS), spanning successive stories on Cyber ​​Earth, Mars Immigration and Interstellar Expedition, according to its official website. Matr1x Fire opened for pre-registration on September 15, 2022 and registered nearly 28,000 users in less than 96 hours, according to the same website. “It looks like they’re trying to bring out their own stories as a new IP, rather than just exporting games, which is very smart if you look at Microsoft’s $68.7 billion bid for Activision. Blizzard and the supposed potential offer for Ubisoft. People are betting on IP addresses rather than games,” the industry analyst said.

Shooters were the top game genres across the world in 2021, according to J. Clement, an internet and games-focused research manager at Statistica. Shooting games are ranked as the most played game genre for virtually all age groups, with the exception of online users between the ages of 55 and 64, where it ranks third.

Although there are already plenty of game offerings with shooter features in the Web3 industry, competitive FPS is definitely the crown jewel of the entire shooter genre. The industry leader CS:GO had monthly active players between 31 million and 37 million in 2021 and made more than $400 million in revenue in 2018, sources say.

CS:GO only supports PC and consoles, while mobile FPS could reach many more gamers, as it is much easier for people, especially in developing countries, to access mobile phones . High barriers to entry are set for mobile FPS game development, as fire feedback remains the most difficult issue, and skillful developers around the world can be counted on the one hand, while the team behind Matr1x is one of them, according to people familiar with the matter. “It’s an exciting time as a leading mobile game studio finally steps in, and they’ll prove that the Web3 industry could have high-quality, non-financial applications, and Web3 isn’t just about financial speculation. They will launch their games very soon as their products are quite mature, that’s why so many big names are standing by their side, including even IP Giant Darkhorse. Moreover, they are developing high quality mobile games, with the potential to reach most people around the world, while most players in the industry are still developing PC games. Mobile or not, to be or not to be, that is the question.

GameFi’s current business model is to collect mint revenue and transaction fees from the secondary trading of non-fungible tokens (NFTs). While the transaction fees of a crypto exchange are just south of tens of basis points, the take rate of an NFT market can vary between 2% and 6%, which makes it very lucrative, and explains well why Meta is also interested in the company and has announced its support. recently for Coinbase Wallet. IOSG, a Web3 fund, also called the Game NFT marketplace the easiest piece of cake to cut from OpenSea in its latest newsletter, the current largest NFT marketplace valued at over $13 billion. The IOSG further explained that the new Game NFT market could emerge from a successful GameFi project.

Matr1x games are powered by Polygon, a layer 2 or sidechain scaling solution that was created to provide faster transactions at lower cost. Polygon operates as a parallel blockchain alongside the main Ethereum blockchain. “As far as I know, Matr1x provides the best gaming products ever in the Web3 industry and could potentially shed some light on how Web3 could beat Web2. I personally hope they can eventually lead us through uncharted waters and that the entire Web3 industry will support them. Let’s wait and see,” concludes the industry analyst.

To learn more about this project, please visit the Matr1x games website:

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Casey J. Nelson