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

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 col...