Matr1x, the next-generation Web3 entertainment and cultural platform combining gaming, AI, Esports and blockchain infrastructure behind leading mobile shooting game Matr1x FIRE, has announced the OKX Jumpstart Mining of its highly anticipated governance token, $MAX, will commence from today and the secondary trading on OKX Exchange will start from August 5th. The announcement today marks a significant milestone in the evolution of the Matr1x platform. Currently both OKX and BingX have announced listing of $MAX tokens, with further exchanges due to follow suit.
The token launch is a pivotal move designed to enhance community engagement and empower players within the Matr1x ecosystem, aligning closely with the project’s mission to champion Web3 native values such as decentralisation, creator-centricity, and data sovereignty in esports. By placing community and creator empowerment at its core, Matr1x aims to bridge the gap between traditional and Web3 gaming, demonstrating that Web3 games can achieve a level of maturity and adoption comparable to traditional games. The $MAX token launch exemplifies Matr1x’s commitment to its innovative and sustainable Web3 gaming model.
Commenting on the news Madeira, co-founder of Matr1x said: “Today’s listing announcement of $MAX marks a transformative milestone for Matr1x and our community. With $MAX, we are furthering our mission to deliver pioneering community-led gaming platform experiences to a global audience. Our unique tokenomics highlight our commitment to redefine the gaming industry by championing decentralisation, creator-centricity, and sustainable growth. $MAX embodies our vision to lead the Web3 gaming sector, expanding our ecosystem with high-quality games and fostering contributions from creators. This is also the only path to bring mass adoption to the Web3 industry.”
The Matr1x team holds over a decade of experience at renowned global gaming companies, working to develop competitive mobile games, with over 400 million cumulative users and cumulative revenue of over $5 billion. With over 2.5 million downloads and close to 100,000 daily active users, Matr1x Fire, the first ever Web3 first-person-shooter (FPS) mobile game in the metaverse continues to be a cornerstone of the Matr1x ecosystem. The game’s unique economic model sets new standards in Web3 gaming, with a capped utility token supply, various consumption cases and launchpool-style airdrops in exchange for marketing and distribution services for multiple 3rd party games, providing a sustainable and inflation-resistant model. The success seen from this flagship project highlights the potential and growing appetite for Web3 Esports gaming.
$MAX tokens serve multiple functions; facilitating community governance, allowing participation rights and staking for network security and rewards, serving as launchpool-style airdrop certificate, and being used for game item upgrades, payment medium and transaction fees on the Matr1x blockchain. Before its official listing, $MAX achieved a valuation of $1.5 billion in the OTC market.
Adopting a community-based approach to gaming, Matr1x advocates for stakeholder value, creating an ecosystem where community is at the core of content creation within games, diverging from centralised gaming business models. By taking such a community-focused approach, the team is seeking to solve issues in the current Web3 gaming environment – such has been seen in its replication of the CSGO skin trading model, responding to the death spiral issue. Additional community involvement was visible in the recent success of the Matr1x Esports tournaments, which has noted record views of 6.2 million people, with the grand final of Matr1x Fire Asia Masters 2024 on the main stage of Hong Kong Web3 Festival in April bringing in an audience of 1.9 million live views on Twitter.
Makers Fund, a global venture capital fund dedicated to games and interactive entertainment, recently announced its investment into the Web3 project, further amplifying the rise of the Web3 Esports sector, with Matr1x at the forefront of innovation in the space. The investment from Makers Fund, which was undisclosed, is the first from a US-based backer for the Singaporean project, aligning with the business’s plans to capture audiences in the Western market.
“The team’s unique mix of being long-term mobile game developers and early adopters of crypto technology comes across in the way they think about the project long-term – we see them as one of the rare teams that are able to ship an impressive game and create a global competitive community. We’re excited to be working with the team as they launch Matr1x Fire and release their new mobile games in the future alongside many exciting ecosystem partners,” said Lia Zhang, Makers Fund, in relation to this strategic investment.
Set on steady expansion, Matr1x aims to continually grow its portfolio of games, with Matr1x Fire pending an upcoming official launch, and its battle royale version, Matr1x Battle, under development. Further recent additions to the ecosystem include Evermoon, a 5vs5 MOBA game and Castile, a Cthulhu style ARPG card game both developed by 3rd party partners, demonstrating its ambition to evolve into a Web3 entertainment and cultural platform. Matr1x also continues to onboard ecosystem partners such as Geda, an experienced Esports tournament operator based in Hong Kong, as well as its own blockchain infrastructure, to make itself evolve into an integrated ecosystem.