Play-to-earn game MixMob receives round of funding
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MixMob, a new blockchain game, has announced that it received 7 million in funding. Defiance Capital, a DeFi-focused crypto-asset fund, led this round of funding. Other investments came from leading venture capital firms Ascensive Assets, Not3lau Capital, IOSG, and NGC Ventures.
“This appreciable injection of capital will allow us to achieve our strategic objectives over the coming months and years,” said the platform’s CEO and Game Director Simon Vieira. “The play-to-earn sector is showing no signs of slowing down, and by offering something vastly different to what already exists in the space, we firmly believe MixMob will prove to be a hit with the creative community.”
“It is a game first and foremost. That is the team’s entire background. The funding raised was for the game and the team is what drew the investors,” said Pavel Bains, executive producer. “We apply a phased approach with first a social game, then a MMO which de-risks the IP and allows the team to build efficiently. The hardest thing about launching a new game IP as an indie studio is getting an audience. The NFTs, Discord story etc. are there to support the game. We use them to build a community for the game before it launches. Again, we are de-risking the game IP.”
Leveraging the Solana blockchain, Encore Studios is creating MixMob as a P2E (play-to-earn) experience. In the future, a malevolent AI has destroyed all of human culture. In the game, you’ll be a part of a resistance movement attempting to “re-chain our culture.” In MixMob, players will be rewarded for style and creativity as well as twitch-based skills.
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