Crypto Gaming projects with Large Funding

[Altcoiner007]

As I explore new crypto projects, I consistently come across gaming tokens that have strong backers and funding. I am curious about how this funding impacts the performance of their project's token in the market.

For example, I recently found out about Matr1x, a project that just received $10 million in funding from Folius Ventures and SevenX Fund to develop their Matr1x Fire, an acclaimed first-person shooter mobile game. The project is set to launch its MAX token on August 5th, just five days from now and on one of the forums I belong to, investors are talking about the funding.

I am curious to know from more crypto intelligent mines here, what exactly do investors find appealing in a project - is it the large funding, the quality of the project, or the utility it offers? I would love to hear your thoughts on how funding influences the market performance of a token which is my interest as an individual.

[TastyChillySauce00]

I'm pretty sure people who invests into gaming projects just want to ride the train while it lasts, because all these crypto gaming projects that got large funding usually pumps around few days of listing so people want to profit from that but it will dump after that, good example is pixfi



but the product itself usually isn't really fun.

however, can't deny that large funding sometime become something that making people attracted, even better if the funding coming from exchanges such as binance labs and other exchange since it will increase the odd of being listed instantly in those big exchanges. even maybe it's the sole reason people want to try the game out in the first place.

[Altcoiner007]

I'm pretty sure people who invests into gaming projects just want to ride the train while it lasts, because all these crypto gaming projects that got large funding usually pumps around few days of listing so people want to profit from that but it will dump after that, good example is pixfi



but the product itself usually isn't really fun.

however, can't deny that large funding sometime become something that making people attracted, even better if the funding coming from exchanges such as binance labs and other exchange since it will increase the odd of being listed instantly in those big exchanges. even maybe it's the sole reason people want to try the game out in the first place.

I understand the aspect of investors trying to enjoy the initial pump, take profit and all. But I felt with huge funding, the team should be able to properly develop their project use case, drive marketing and possibly back the token liquidity in the market. I'm following this Matr1x (MAX) project listing on Bitget announced for 5th Aug. Hoping the funding drive the project.

[Mustang Shelby]

I'm pretty sure people who invests into gaming projects just want to ride the train while it lasts, because all these crypto gaming projects that got large funding usually pumps around few days of listing so people want to profit from that but it will dump after that, good example is pixfi



but the product itself usually isn't really fun.

however, can't deny that large funding sometime become something that making people attracted, even better if the funding coming from exchanges such as binance labs and other exchange since it will increase the odd of being listed instantly in those big exchanges. even maybe it's the sole reason people want to try the game out in the first place.

There are still major deficiencies in gaming. For example, when there are still thousands of active games in the gaming industry, why would they prefer simple visual games that belong to the crypto ecosystem? I think they should include the crypto ecosystem in some games like FC24. Instead of a new game, a company can go and convince these companies and ensure that these games are fully integrated with crypto with a token given per win. Otherwise, the tokens of these games will remain simple initiatives that do not receive investment.

[Bournesparks]

I'm pretty sure people who invests into gaming projects just want to ride the train while it lasts, because all these crypto gaming projects that got large funding usually pumps around few days of listing so people want to profit from that but it will dump after that, good example is pixfi



but the product itself usually isn't really fun.

however, can't deny that large funding sometime become something that making people attracted, even better if the funding coming from exchanges such as binance labs and other exchange since it will increase the odd of being listed instantly in those big exchanges. even maybe it's the sole reason people want to try the game out in the first place.

We have same feeling mate. But there's something different about MatrIx. You can go search on twitter.. their ecosystem is explosive with good partners. There's a high chance it does well.. would prepare farm MAX via PoolX Though..

[robelneo]

I am curious to know from more crypto intelligent mines here, what exactly do investors find appealing in a project - is it the large funding, the quality of the project, or the utility it offers? I would love to hear your thoughts on how funding influences the market performance of a token which is my interest as an individual.

These investors are looking long-term when funding projects. They usually consider the quality of the platform and its role in the industry where they create their platform. Of course, the presentation also plays a significant factor. In the project, you've mentioned they have a target community, which is gamers. The investors trust the project will impact that community.
Investors will not fund a project if they do not believe that the platform will impact the community it is targeting.

[Mia Chloe]

Isn't it obvious?
Every project needs investors and the more the investors the more the pump in the price of the project , token or coin. In fact more investors and constant price increment will also increase the rate of adoption of the coin. All these factors are what guarantees the success of a project. If you come to think about the simple economics, most pump and dump coins enter their dump phase when investors suddenly pull out funds from the project. And this also causes the rate of adoption to drop since price is declining.

Funding is important for the growth of any project whether crypto or not especially in the case of altcoins. Since bitcoin over time has already gained sufficient investors in the past.

[nelson4lov]

~Snipped
I am curious to know from more crypto intelligent mines here, what exactly do investors find appealing in a project - is it the large funding, the quality of the project, or the utility it offers? I would love to hear your thoughts on how funding influences the market performance of a token which is my interest as an individual.

Nah. It has been shown time and time again that Venture Capitalists (VCs) in Crypto do very little due diligence and just invest as much as they can in a project as long as it fits the current narrative. If  the narrative is Layer 2s, they just invest as much as they can in all layer 2s that pop up. I believe they know that not all projects will cook so they just invest in all and if 2-5 minimum out of every 10 projects investors turns out well, they still make profit even if the other 50% goes.

To put this into perspective, VCs usually get between 100 to 500x (example Celestia, World coin, etc) ROI. They can only lose 100% of invested capital but can always get unlimited upward potential. So there you have it. It's why gaming projects have garnered that much fundings in recent times.