Colizeum raises $8.4M from renowned investors, welcomes Dota legend Sheng Wu

Colizeum mobile gaming-based SDK has raised a total of $8.4 million in its latest fundraising round led by Deribit, SevenX Ventures, Axia8, LD Capital, and Genblock Capital.

Other participants include TPS Capital, Momentum6 (Lumen Capital Group), DWeb3, X21, Profluent Ventures, Redline DAO, Good Games Guild (GGG), CRT Capital, Au21 Capital, Pluto Digital, Basics Capital, Tokenomik.io, Dutch Crypto Investors, MofeFI, Kernel Ventures, Novabit Capital, Connectico Club, SEEDTHRIFT VENTURES and KENZO Ventures.

Colizeum welcomes one of the world’s most-awarded DOTA players to its team in the form of Wusheng (Sheng Wu). Expanding the team through an individual with such expertise in the video game industry will bring more attention to what Colizeum can bring to the table for current and future mobile game developers.

Colizeum introduces many solutions to address issues hindering the growth and revenue potential for mobile game developers today, including:

• Game developers will finally be able to monetize while scaling in Tier 3 markets which have been the biggest pain-point for game developers.
• Acquire additional monetization layers with close to zero % fees with Colizeum instead of larger fees (up to 30%) charged by traditional app stores for every in-game purchase.
• Reducing user acquisition costs and foregoing ad networks taking most revenue from in-app advertisements.
• No blockchain coding knowledge is required to introduce new mechanics and revenue streams

It is crucial to note that Colizeum will not replace the traditional mobile app stores. Instead, it aims to facilitate the co-existence of traditional monetization options and play-to-earn mechanics.

The Colizeum ecosystem spans four key products that require interaction with the ZEUM token:

• Play-to-earn model: to connect all game developers and players into one platform, introducing benefits to creators and gamers alike.
• Attention marketplace: an attention widget to introduce content to a huge gamer base, accessible by advertisers through staking ZEUM. Staking more tokens yields a larger banner with a higher priority rating.
• Tournaments: Colizeum supports monetized tournaments through participation fees or organizer-provided budgets. Game developers will receive a cut of every tournament’s funding.
• Prediction markets: Users can bid on the outcome of any tournament or in-game event, establishing a huge derivative gaming market for game developers and gamers.
• Many other additional features will be added later, one of them being NFT Integrations — Game developers will be able to mint their game assets as NFTs.

About Colizeum

Colizeum is an SDK — a frictionless shortcut for mobile game developers to implement tokenized game modes and Play-To-Earn economy without prior knowledge in blockchain development. Game developers will be able to add tokenized game mode monetization on top of their existing (traditional) monetization or build blockchain native games.

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