Nexus Interactive has raised $2 million in an oversubscribed seed funding round, marking a significant step in its efforts to expand its web3 gaming operations.
The funds will be directed toward developing new game titles and enhancing Nexus Interactives existing ecosystem, which has already seen substantial community engagement and revenue generation.
Key investors in this round included Animoca Brands, Jump Crypto, and Maven Capital among others.
Source: Nexus Interactive
What is Nexus Interactive?
Nexus Interactive is a company operating in the web3 gaming sector, focusing on game development, publishing, and community-driven content creation.
The companys ecosystem is built on three main components: Nexus Play, an in-house game development studio; Nexus Build, which serves as a web3 publisher for third-party developers; and Nexus Share, an AI-powered platform that facilitates user-generated content and community growth.
Nexus Interactives team brings extensive experience from developing successful titles like Splinterlands and Gods Unchained, which have generated significant revenue and attracted millions of users to web3 gaming.
With over 100,000 community members and nearly $2 million in revenue, Nexus Interactive has established itself as a significant player in the emerging Web3 gaming industry.
Source: Nexus Interactive
Future Directions
Nexus Interactives flagship game, Everdawn Champions, a 3D trading card game, became the most played title on the Elixir during its closed beta. The company plans to launch an open beta in September 2024, with a large number of players already on the waiting list.
Legacy gaming institutions make it difficult for developers to bring games to market with successful launch campaigns and monetisation models. Nexus Interactive offers studios and developers the perfect solution to this, said Liam Bacon, Founder of Nexus Interactive. Weve gone through this journey ourselves in the last 3 years building out our own web3 game development studio, and can offer immense value to other builders and creators looking to launch in web3.
In addition to expanding its game portfolio, Nexus Interactive is preparing to launch its $NXI token, which will serve as a utility and governance token across its ecosystem. This token is expected to play a crucial role in consolidating activities and interactions within the Nexus Interactive platform.
Were excited to support Nexus Interactive as it builds a scalable ecosystem for users, builders and creators, added Yat Siu, Co-founder and Executive Chairman of Animoca Brands. We believe these efforts will help to enhance network effects throughout our broader network and we look forward to the impact that the ecosystem of Nexus Interactive will have on the web3 gaming space.
The company is also planning several IP partnerships with established brands as it prepares for the launch of its $NXI token later this year.
