Matr1x's $MAX Token Launch Sets New Standard for Web3 Mobile Games with $1.5 Billion Valuation

Singapore — Matr1x, the cutting-edge Web3 platform reshaping gaming and entertainment, is thrilled to announce the launch of its governance token, $MAX. The token will commence OKX Jumpstart Mining today, with secondary trading on OKX Exchange starting August 5th. Prior to its official listing, $MAX achieved an impressive $1.5 billion valuation in the OTC market.

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Matr1x, renowned for its leading Web3 mobile shooting game Matr1x Fire, has already made a significant impact with over 2.5 million downloads and nearly 100,000 daily active users. The $MAX token aims to drive community engagement and empower players within the Matr1x ecosystem, emphasizing decentralization, creator-centricity, and data sovereignty.

Co-founder Madeira commented, “The launch of $MAX is a pivotal moment for Matr1x and our community."
"With $MAX, we are furthering our mission to deliver pioneering community-led gaming platform experiences to a global audience. Our unique tokenomics highlight our commitment to redefine the gaming industry by championing decentralisation, creator-centricity, and sustainable growth. $MAX embodies our vision to lead the Web3 gaming sector, expanding our ecosystem with high-quality games and fostering contributions from creators. This is also the only path to bring mass adoption to the Web3 industry.”

Madeira, co-founder of Matr1x
The Matr1x team brings over a decade of experience from top global gaming companies, boasting over 400 million users and $5 billion in revenue. Matr1x Fire, the platform's flagship Web3 FPS game, is a prime example of their innovative approach, featuring a capped utility token supply and a sustainable economic model.

$MAX Token Launch Gains Traction and Investment Support

The $MAX token will facilitate community governance, staking for network security, and serve as a medium for in-game transactions and upgrades. The launch has garnered support from notable figures, including independent presidential candidate Robert F. Kennedy Jr., who has suggested significant bitcoin purchases by the Treasury.

Matr1x's community-driven approach stands out in the Web3 space, addressing challenges like the CSGO skin trading model and fostering engagement through successful esports tournaments, including the Matr1x Fire Asia Masters 2024, which drew 1.9 million live views on Twitter.

The company has also attracted investment from Makers Fund, a global venture capital firm, marking its first U.S.-based investment in the Singaporean project. Lia Zhang of Makers Fund praised Matr1x for its blend of mobile game expertise and crypto innovation, highlighting their potential for global impact.

Looking ahead, Matr1x plans to expand its game portfolio, with upcoming titles like Matr1x Battle and collaborations with third-party developers such as Evermoon and Castile. The platform continues to onboard partners and develop its blockchain infrastructure, positioning itself as a leading Web3 entertainment and cultural hub.

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About Matr1x

Matr1x is a revolutionary Web3 platform merging gaming, AI, esports, and blockchain to redefine the global entertainment and digital content landscape. Committed to delivering innovative, community-led gaming experiences, Matr1x aims to advance Web3 gaming and esports while expanding its ecosystem with high-quality games and diverse content. For more details, visit matr1x.io.