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Web3 football management game Footium raises $3.35 million
Footium, a web3 football management game, announced today that it has raised $3.35 million in a seed round.
Footium raised a $3.35 million seed round
The funding round was led by London-based VC firm, BACKED and saw participation from Animoca Brands, Stride. VC, Entrée Capital, RLC Ventures, and IVC, as well as gaming guilds such as Yield Guild Games SEA, BAYZ, BlackPool DAO, and Merit Circle. In addition, several angel investors, including Chris Smalling, ex-Manchester United and England international footballer, have decided to back the game.The start-up intends to use the new funding to grow its team and incorporate feedback from the public beta phase. For example, the underlying game engine will be made more complex to improve the gameplay experience and ensure that the game is fully completed by the game's planned release date in the second quarter of 2022.
"Blockchain is pioneering an economic revolution in gaming by enabling gamers to participate in the economics of the games they love. Footium is doing exactly that for Football Manager - a category primed to benefit from play-to-earn mechanics" - Pascal Suhrcke, Investor at BACKED
What is Footium?
Footium is a multiplayer football management game that lets you own a football club, manage your team and tactics, and develop new talent through your youth academy. The game uses NFTs to give users true ownership rights to their players and allow them to trade them on the blockchain. Similar to a traditional football manager, the goal is to win cup competitions and move up in the divisions.Unlike other football manager games, Footium allows players to earn real money through the play2earn mechanism. Football media brand Copa90, Dutch footballer Nigel de Jong, international cricketers Ravi Bopara and Carlos Brathwaite, and Footium angel investor Chris Smalling are among the notable club owners involved in Footium.
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