Square Enix, Solana Foundation Back Elixir Games Ahead of Token Launch

Crypto gaming store Elixir Games announced Wednesday that it has raised $14 million in seed funding to build out a decentralized gaming ecosystem that will launch this year.

Final Fantasy developer Square Enix took part in the round following a partnership announced with Elixir last year, plus the Solana Foundation and Shima Capital also participated. Square Enix isn't exclusive with Elixir, however, as it recently announced an investment in competing crypto gaming launcher HyperPlay just last week.

The funding will support the development of Elixir's launcher platform that currently hosts over 130 games with more than 500,000 registered users. It will also finance the upcoming rollout of the ELIX token to power Elixir's products and services, as well as the debut of the Launchpad & Incubation Program for crypto game developers.

"Today marks a growth moment for Elixir Games, fueling our mission to revolutionize the global gaming ecosystem," said Carlos Roldan, CEO of Elixir Games, in a press release. "This achievement reflects our commitment to innovation, unity, and excellence in Web3 gaming."

Last year, Elixir expanded further into gaming by acquiring LitLab Games, the Spanish studio behind the auto-chess game CyberTitans. The company has a slate of launches planned for 2024, kicking off with the ELIX token release followed by the Elixir Launchpad to unlock premium platform features and initial game offerings.

Elixir will launch a season pass campaign beginning on April 4, with some $750,000 worth of prizes available through game tournaments and other promotions.

Editor’s note: This article was written with the assistance of AI. Edited and fact-checked by Andrew Hayward.