Zug, Switzerland — Things are progressing quickly for Colizeum, the frictionless shortcut for mobile game developers to implement tokenized game modes and play-to-earn (P2E) mechanics. As a software development kit (SDK) solution, any game developer can integrate these features regardless of their knowledge of blockchain development. Game developers can also combine monetization options, including existing models, with tokenized game modes and convert their existing game into a blockchain P2E model.
Colizeum’s vision has attracted the attention of multiple renowned blockchain investors. The recent fundraising round for $8.4 million was led by Deribit, SevenX Ventures, Axia8, LD Capital and Genblock Capital. Other participants included TPS Capital, Momentum 6, DWeb3, X21 Digital, Profluent Ventures, Good Games Guild, CRT Capital, AU21 Capital, Pluto Digital, Basics Capital and Tokenomik.
Additionally, Colizeum welcomes one of the world’s most-awarded Defense of the Ancients (Dota) players to its team: 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.
Founded in 2021, Colizeum’s team combines years of experience in mobile gaming with expertise in the crypto and blockchain world. The team has founded Beetroot Lab and noted significant success and awards for products, including Dystopia: Contest of Heroes.
This project’s immense research and developments have been underway for six months, and the team is currently in talks with certain game developers onboarding their mobile games once the Colizeum SDK reaches its beta stage.
Davis Ziedins, co-founder of Colizeum, said, “Last year brought significant changes to the mobile gaming industry, which led game developers of every size to discover new monetization methods and user accession tactics in order to continue to compete in the current market. Our mission is to build a set of tools that lets any traditional game developer broaden their game monetization methods by implementing tokenized games modes and P2E economies in their existing and future games and at the same time unlock new gaming markets.”
“We’re proud to serve the growing game development community and to offer a set of tools that will help developers focus on what they know the best — building great games. The whole Colizeum team is honored that Colizeum is backed by outstanding industry professionals and enormous communities that are helping us to build the product and have helped us set the ambitions of the project on a whole different level.”
Michael Swan, managing director of Tokenomik, said, “Tokenomik views Colizeum as an excellent proxy exposure to the vast nonfungible token and P2E gaming multiverse segment, which continues to expand exponentially, making it increasingly difficult to identify long-term popular gaming platforms.”
“Colizeum, through its blockchain-centric game development toolset, represents an excellent macro-level collaboration opportunity, with its class-leading modular game building tools, which has already attracted some of the best-in-breed developers to the ecosystem. We are delighted to be an early collaborator in this fantastic project, founded by an experienced leadership and development team.”
Colizeum is an SDK and a frictionless shortcut for mobile game developers to implement tokenized game modes and P2E economies 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.
Colizeum is planning for its games to be the first in the Colizeum ecosystem to test all SDK features and economies before this solution is offered to third-party developers. However, Colizeum is already holding negotiations with multiple major-league mobile game developers that are willing to join and start testing the SDK.
With more than eight years of experience in game development, the Colizeum team knows the main pain points for game developers. Blockchains have come as a blessing — game developers can finally monetize third-tier markets while still being listed on traditional mobile app stores.
When mobile game developers implement the Colizeum SDK — a process that takes a couple of days, depending on each game’s complexity — game developers can start building blockchain-based game modes and implement true P2E economies.
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Davis Ziedins (co-Founder)
Edgars Vecozolins (co-Founder)