Solana-based play-to-earn game MixMob raises $7 million in funding

MixMob, a P2E game, raised $7 million from a Defiance Capital-led funding round.
MixMob has raised $7 million in funding.

MixMob, a new blockchain game, announced receiving $7 million in funding. Defiance Capital, a Defi-focused crypto asset fund, spearheaded this funding round. Other investments came from leading venture capital firms Ascensive Assets, Not3lau Capital, and IOSG.

Platform’s CEO and Game Director Simon Vieira made the following comments about the investment:

“This appreciable injection of capital will allow us to achieve our strategic objectives over the coming months and years. The play-to-earn industry is showing no signs of slowing down, and by offering something vastly different to what already exists in the space, we firmly believe MixMob will prove to be a hit with the creative community.”

Speaking about MixMob, Executive Producer Pavel Bains said that it is “just a game” and that the main issue that attracts the attention of investors is the development team and added:

“We apply a phased approach with first a social game, then a MMO which de-risks the IP and allows the team to build efficiently. The hardest thing about launching a new game IP as an indie studio is getting an audience. The NFTs, Discord story etc. are there to support the game. We use them to build a community for the game before it launches. Again, we are de-risking the game IP.”

Encore Studios creates MixMob as a play-to-earn (P2E) experience by leveraging the Solana blockchain. In the game, you will be a part of the resistance movement trying to resurrect human culture in a future where malicious artificial intelligence has destroyed all human culture.

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