Elyzio raises $2M in pre-seed round to build blockchain games

The Web3-powered gaming company is going to use the funding to further develop its first title.
Two avatars from Elyzio's blockchain gaming world holding special weapons

Founded by Dogan Can Yeginer and Anas El Ferachi in early 2022, Elyzio aims to blend elements of mobile and AAA online games to create blockchain titles and bring players into the Web3 gaming world.

Related: Pack your Web2 thinking and move on to gamified Web3 – MBC 2022

The Web3 gaming entity’s Co-Founder and CEO Yeginer shared a blog post today and announced that the company has secured $2 million in a pre-seed round led by vgames. The funding round also saw participation from Shima Capital, Solana Labs, Paribu Ventures, and Abdelmounaim Derraz.

Yeginer said, “Our goal is to harmonize the best design elements of mobile and AAA online games, leverage the new and disruptive technology that is the Blockchain, and build games that seamlessly onboard millions of traditional gamers into the web3 era,” and added, “We are incredibly proud that we are backed by great investors and partners who believe in a games-first approach and our deep focus on producing engaging content, establishing strong and long-term connections with our players.”

The company’s core team has talents who worked on Ubisoft’s popular franchises such as Assassin’s Creed, Ghost Recon, and The Division. Yeginer says the firm’s first game will be Warden’s Will, a coop action adventure with roguelike elements. The game will also feature bullet hell shooter mechanics and hack & slash melee combat. The CEO said more will be revealed soon, but for the time being that’s all the info the gaming firm is ready to share.

Elyzio will use this funding to power up the development of its games and increase the headcount of the company.

A recent study by Coda Labs dived deep into “What do gamers really think of Web3 gaming?” and showed that while gamers who gave Web3 gaming a chance are more open to this technology, most gamers are still not so keen about it, at least at the time of writing.

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