iBLOXX secures $5 million Investment to Grow Game Development Department

On February 23, the Web3 incubator and market maker iBLOXX announced the completion of a $5 million financing, and PrimeXM led the investment, which will be us…

iBLOXX secures $5 million Investment to Grow Game Development Department

On February 23, the Web3 incubator and market maker iBLOXX announced the completion of a $5 million financing, and PrimeXM led the investment, which will be used to expand the company’s game development department iBLOXX Studios. This investment will make the post-investment valuation of its game department reach $30 million.

Web3 incubator and market maker iBLOXX completed $5 million financing

Interpretation of the news:


iBLOXX, a Web3 incubator and market maker, has recently announced that it has successfully raised $5 million in financing from investors led by PrimeXM. This recent investment will be used to expand iBLOXX’s game development department known as iBLOXX Studios.

The company has stated that the investment will be crucial in the growth and development of its gaming department. According to the announcement, this investment will bring the post-investment value of iBLOXX studios to $30 million.

iBLOXX offers a range of diversified services related to cryptocurrency and blockchain technology, including liquidity provision, market making, infrastructure, and software development solutions. It further offers support in a range of areas, including white-labeling, trading infrastructure, brokerage solutions, and more.

iBLOXX’s iBLOXX Studios is entirely focused on game development, and according to the company, they have been able to create a successful model for high-quality gaming experiences while leveraging the unique qualities of blockchain technology.

This investment is expected to help iBLOXX studios expand its team and further develop its games to offer exciting new experiences while using the innovative capabilities that blockchain technology provides. This expansion will further position iBLOXX as a significant player in the blockchain gaming industry.

The valuation of $30 million is set to attract more funds and support the development of more advanced blockchain games that offer features like decentralized marketplaces, provably fair gameplay, and more. These games aim to create seamless and safe new gambling experiences that can be enjoyed by people all over the world.

In conclusion, this recent investment by PrimeXM in iBLOXX Studios is a clear sign of the growing interest in blockchain technology and gaming. The expansion of iBLOXX studios will further enhance its position in the blockchain gaming industry, and the company is poised to be a major player in this growing sector.

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