Matr1x Gaming Platform Raises $10 Million in Funding
The mobile shooting game platform Matr1x Fire, operating within the Web3 domain, has secured an additional $10 million in funding. This brings its total funding to $20 million. The recent A-2 financing round was led by Folius Ventures and co-led by SevenX, with participation from ABCDE Capital, Find Satoshi Lab, Initiate Capital, and Jambo. Matr1x is currently developing a trilogy that explores the conflict between centralized and decentralized data entities, with a focus on data sovereignty and NFT transferability. It is also working on its third NFT collection called Kuku, which will serve as an NFT pass for governance access and revenue sharing.
MapMetrics Expands to Peaq Blockchain
MapMetrics, a Web3 drive-to-earn navigation app, has expanded to the peaq blockchain. This allows users to anonymously share location data and earn digital currency and NFTs without it being shared with advertisers. The app will leverage peaq as part of its decentralized physical infrastructure network (DePIN) to power a Google Maps-style service. MapMetrics will use peaq IDs for secure data authentication and is creating a community voting mechanism for users to contribute to the navigation service. Peaq is also expanding its Multi-Chain Machine IDs to support Solana.
Bybit Enhances Portfolio Margin Mode with Spot Trading Integration
Bybit Institutional has announced an enhancement to its Portfolio Margin Mode by incorporating spot trading capabilities. Traders can now integrate spot positions into their hedging strategies, enhancing their risk management practices. The integration allows for reduced margin requirements and seamless management of the entire portfolio within a single platform.
Bitget Introduces Arabic Support for Crypto Trading
Bitget has launched Arabic language support for crypto trading in eleven Middle-Eastern and North African countries. This will provide smoother learning processes and communication for users in the region. Users can now trade cryptocurrencies in over 12 Middle Eastern currencies and over 590 tokens listed on Bitget. The language support extends to various features on the platform, including P2P, Earn, Futures, and Copy-trading. Additionally, users in the Middle East will benefit from zero fees for buying and selling cryptocurrencies through Bitget P2P.
ClickPesa and Pendulum Partner for DeFi Solutions
Tanzanian fintech company ClickPesa and technology company Pendulum have teamed up to leverage decentralized finance (DeFi) solutions. They aim to increase financial accessibility for small and medium-sized enterprises (SMEs) by financing Microfinance Institutions (MFIs). Through the ClickPesa Debt Fund, they offer improved accessibility and interest rates to MFIs in emerging markets. This partnership creates tangible yield opportunities for DeFi investors and fosters positive impact in developing regions.
Cathedra Bitcoin Announces Debt Settlement and Debenture Extension
Bitcoin mining company Cathedra Bitcoin has announced a debt settlement and debenture extension. It plans to settle a portion of its outstanding debentures by issuing common shares of the company. The debt is payable to certain debenture holders of the company. Cathedra also intends to amend the maturity date of its outstanding debentures following the completion of the debt settlement.
Hot Take: Matr1x Gaming Platform Raises $10 Million in Funding
The Matr1x gaming platform has successfully raised $10 million in funding through its recent A-2 financing round. Led by Folius Ventures, with participation from other prominent investors, this funding will support the development of Matr1x’s mobile shooting game and its upcoming NFT collection. Matr1x aims to create a gaming experience that explores the conflict between centralized and decentralized data entities, emphasizing data sovereignty and NFT transferability. With its successful alpha testing and growing user base, Matr1x is poised for hyper-growth and innovation in the gaming industry. This funding round reflects the confidence investors have in Matr1x’s vision and potential for success.
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