3thix has announced that it has received an $8.5 million investment for its effort on Web3 games. Here are all the details!
Austin-based gaming company 3thix is on the rise with a substantial financial boost of $8.5 million. This capital influx marks a pivotal moment for the company, earmarked to enhance its Web3 gaming ventures.
Web3 represents the next generation of internet technology for those unfamiliar, leveraging blockchain for a more decentralized experience. You can also check out our guide about the fundamentals of Web3 gaming.
3thix is at the forefront of this movement, eager to innovate in the gaming monetization realm.
3thix has received $8.5m from trustworthy partners
According to VentureBeat, The funding comes from noteworthy industry players – Hand of Midas, led by Shurick Agapitov of Xsolla, and Sonic Boom Ventures, under the guidance of Steve Kokinos from Algorand.
“Given the experience these investors provide in delivering global solutions in the games industry, this partnership feels like a natural fit in realizing our goal of making games player focused,” said Timothy Tello, CEO of 3thix.
These names bring not just financial support but also a wealth of industry experience and credibility to 3thix’s ambitious project.
3thix’s objective is clear: revolutionize the gaming industry’s monetization strategies by integrating Web3 technologies.
“Our investment is more than just financial; it’s a commitment to fostering a gaming environment where monetization and user experience coexist harmoniously,” Agapitov, founder of Xsolla and Hand of Midas said in a statement.
This challenge is significant, yet with the latest financial backing, the company is well-positioned to make a meaningful impact on how games are funded and enjoyed.
“We are big believers in web3 gaming and excited to support 3thix in creating one of the key building blocks needed for the ecosystem,” Kokinos, CEO of Sonic Boom Ventures added.
What is 3thix?
Established in 2023, 3thix aims to redefine the gaming experience through the application of Web3 technologies. Their focus extends beyond traditional gaming dynamics. They incorporate blockchain to enhance the value and enjoyment of gaming for all parties involved.
Central to 3thix’s strategy is their innovative gaming wallet, which supports diverse payment methods.
These methods include credit cards, Google Pay, and Apple Pay. This versatility in payment options signifies a commitment to user convenience and accessibility in the gaming sector.
However, 3thix’s vision transcends mere financial transactions. Under the leadership of CEO Timothy Tello, the company is dedicated to promoting eco-friendly gaming and broadening access to diverse audiences.
Tello envisions a gaming industry where player focus and environmental consciousness go hand in hand with profitability.
In summary, 3thix stands at the vanguard of a new era in gaming. Armed with fresh funding and a visionary approach, they are poised to transform the gaming landscape. As they embark on this ambitious journey, the gaming world watches with keen interest.