MATR1X is an innovative cultural entertainment platform that integrates gaming, artificial intelligence, esports, and blockchain infrastructure. The project aims to revolutionize the global gaming and digital content industry through blockchain and AI technologies. Additionally, MATR1X seeks to return ownership of user-generated in-game assets and share generated revenues with the community.
MATR1X Products
Currently, the MATR1X platform features four Web3 native games: the classic shooting mobile game MATR1X FIRE, the battle royale mobile game MATR1X BATTLE, the RPG+Roguelike AAA game Castile, and the Web3 MOBA Evermoon. It also includes the esports platform GEDA and the OP-stack based gaming blockchain M1-Chain. MATR1X FIRE has already surpassed 2.5 million global downloads.
MATR1X Team
The MATR1X founding team is passionate about Web3 and gaming, boasting over a decade of experience in both fields. Their previous game development and operations have accumulated over 400 million users and generated over $5 billion in revenue. Notable games include Call of Duty Mobile, PUBG Mobile, and Crossfire, making them one of the few teams capable of developing large-scale mobile products.
MATR1X Funding
Seed & A-1 Round: $10 million
Led by Hana Financial Investment, with other investors including Hashkey Capital, Amber Group, and SevenX Ventures. Hana Financial Investment is part of the Hana Group, which owns Korea’s second-largest bank, Hana Bank.
A-2 Round: Over $10 million
Led by Folius Ventures and SevenX, with additional investors including ABCDE, Find Satoshi Lab, Jambo Ventures, and strategic investments from OKX Ventures, Animoca Brands, and Makers Fund.
- Folius Ventures is a top Web3 fund and lead investor in StepN's Series A.
- Find Satoshi Lab is an investment fund under StepN.
- Makers Fund is a leading Web3 fund based in the US.
What is MATR1X FIRE?
MATR1X FIRE is a AAA online FPS battle mobile game launched by MATR1X in November 2021, built on the Polygon chain. In terms of graphics, gameplay, and smooth operation, MATR1X FIRE stands out as a top-quality project in the blockchain gaming sector. It is reported that the project team secured funding for MATR1X FIRE on the strength of its game demo, indicating the game's exceptional quality, which is rare in the current Web3 industry.
A typical AAA game development cycle is 3-5 years and requires hundreds of millions in funding. Due to the rapid evolution of the Web3 industry and challenges in token economy design, AAA games are rare in blockchain gaming, especially mobile games. MATR1X's commitment to development during the bear market highlights their strong passion and dedication to gaming.
Potential of MATR1X FIRE
1. Gameplay: MATR1X FIRE, similar to CSGO, is not a simple shooting game. It involves a blend of shooting skills, team coordination, and strategic thinking. Players can customize tactics based on game conditions, reflecting why games like CSGO remain popular. Additionally, MATR1X FIRE introduces a skin system where skins not only enhance aesthetics but also increase in-game earning potential. Players can earn $FIRE tokens and treasure chests through gameplay, enabling them to earn while playing.
2. Project Fundamentals: MATR1X FIRE has completed two rounds of funding, totaling $20 million. Notably, the project received investments from OKX and Animoca Brands in December 2023 and February 2024. The exact amount of these investments is unknown, but OKX's separate investment indicates strong confidence in the project, with the token likely to debut on OKX. The MATR1X Studio team has extensive Web2 game development experience, with co-founders Saku and his partner having over 10 years of mobile game development experience and over $3 billion in total revenue from their projects.
3. Market Heat: Although MATR1X FIRE is not yet on the mainnet, it has attracted over 800,000 users during testing, with over 1.1 million downloads and nearly 400,000 Twitter followers. The game has released three NFT sets since 2021, with price increases of 30-100 times, and a total market cap of 40,000 ETH, or $145 million, ranking in the top ten of the NFT market. This data reflects high market expectations for MATR1X FIRE.
Overall, MATR1X FIRE appears to be on the verge of significant growth, considering its gameplay, fundamentals, and market feedback. The next critical aspect to observe is its token economic model, which has been the downfall of many projects.
MATR1X Special Treasure Chest Mechanism
In the MATR1X ecosystem, assets such as characters, NFTs, accounts, and whitelist entries can act as mining machines. Essentially, it is a proof-of-work system. While traditional GameFi primarily involves gameplay as the main mining activity, MATR1X introduces additional mining behaviors through DeFi mechanisms, including staking, lending, and trading. MATR1X also adds more mining activities such as gaming, watching matches, predicting scores, staking NFTs, opening treasure chests, depositing assets, and consuming assets. In the GameFi 1.0 era, mining equated to token output. MATR1X aims to innovate this by integrating a randomized treasure chest mechanism to dynamically balance system output, which is the origin of the "treasure chest mechanism."
Importance of the Treasure Chest Mechanism
With the introduction of the treasure chest mechanism, users mining with mining machines will receive two types of rewards:
1. Direct rewards, such as $FIRE or $MAX tokens.
2. Random treasure chest rewards, which require $FIRE and a small amount of stablecoins to open and may yield high-quality weapon NFTs.
The balance of the system is achieved through the choices and strategic decisions made by players regarding these rewards. For MATR1X FIRE, players mining with their machines will earn $FIRE tokens and treasure chests. It’s important to note that unlike most GameFi games, $FIRE is not infinite; its total supply is capped at 1,000,000,000 tokens. The full economic cycle is as follows:
1. As the number of mining machines increases, $FIRE production will also rise, while the consumption of $FIRE will increase with more chests being opened.
2. Once users reach a certain scale and $FIRE production hits the cap, production will cease.
3. As chest opening continues, $FIRE consumption will persist, and production will resume.
4. Mining output and chest consumption will continue to cycle, with $FIRE functioning like a reservoir that will be adjusted with the community in terms of capacity and flow rate.
The treasure chest blind box mechanism essentially provides a random channel for acquiring assets, creating asynchronous gameplay dynamics that balance overall asset prices. The limited edition nature of the blind boxes offers users various choices.
MATR1X Economic Model
$MAX does not have public fundraising or a private sale. Its total supply is 1 billion tokens, designed to support applications and services within the ecosystem.
- Platform Incentives: 27.6% (276,000,000 tokens)
- Ecosystem: 16% (160,000,000 tokens)
- Community: 10% (100,000,000 tokens)
- NFT Airdrops: 9.4% (94,000,000 tokens)
- Early Bird Activities: 5.5% (55,000,000 tokens)
- Team and Investors: 30% (300,000,000 tokens)
- Advisors: 1.5% (15,000,000 tokens)
Primary Uses of $MAX
- Community Governance: Participate in MATR1X community governance, propose and vote on decisions.
- Ecosystem Value Capture: Allocation of platform treasury, participation in MATR1X Launchpool, and receiving airdrops from other projects.
- Exclusive Privileges: Includes exclusive rights such as publishing games on the MATR1X platform and competing for club positions.
- Staking and Rewards: Stake $MAX to become a MATR1X ecosystem node, earn rewards, and participate in governance decisions, including revenue distribution.
Summary
MATR1X (FIRE) offers a novel digital entertainment experience through diverse digital entertainment elements and a clear token economic model. However, its future success will depend on advancements in game development, community building, and ensuring sustainable platform growth. Investors and players should stay informed about project governance dynamics to better engage in the development and decision-making processes of the MATR1X platform.