Footium, a web3 football management game, today announced that it has raised $3.35 million in a seed round.
Footium raises $3.35 million seed round
The funding round was led by London-based venture capital firm, BACKED, and saw participation from Animoca Brands, Stride. VC, Entrance Capital, RLC Ventures and IVC, as well as gaming guilds such as Yield Guild Games SEA, BAYZ, BlackPool DAO and Merit Circle. Additionally, several angel investors, including ex-Manchester United and England international footballer Chris Smalling, have decided to back the game.
The startup 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 the game is fully completed by the game’s scheduled release date in Q2 2022.
“Blockchain is at the forefront of an economic revolution in gaming by allowing players to participate in the economy of the games they love. game to win” – Pascal Suhrcke, investor at BACKED
What is Footium?
Footium is a multiplayer soccer management game that lets you own a soccer club, manage your team and tactics, and develop new talent through your youth academy. The game uses NFTs to give users true ownership of 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 progress through the divisions.
Unlike other football management 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.