VitalXP’s Web3 Shooting Game Lowlife Forms Secures US $3 million in Pre-seed Funding

03/02/2023 14:47 • Tech Ticker • 120 views

It is reported that VitalXP, a game production company, announced that its Web3 shooting game Lowlife Forms completed a pre-seed round of financing of US $3 million, with Streamlined Ventures and Marbruck Investments leading the investment.

Web3 shooting game Lowlife Forms completed $3 million pre-seed round financing

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VitalXP, a game production company, has reported that its Web3 shooting game Lowlife Forms has completed a pre-seed round of financing. The pre-seed funding, amounting to US $3 million, was led by Streamlined Ventures and Marbruck Investments. This achievement is a significant milestone for the company as it seeks to establish itself as a leading developer of Web3 games.

The pre-seed financing round is an early stage of seed funding where a company raises money to start building their product or grow their business before launching it in the market. It is the first external funding round a company receives and is mainly used to kickstart the development of their product. For VitalXP’s Lowlife Forms, this fund will be used to improve the game’s user experience, enhance its graphics, and add new features that make it more competitive in the market.

Lowlife Forms is a Web3 shooting game that combines virtual reality and blockchain technology. Players battle it out in a post-apocalyptic world where they can buy, sell, and trade virtual items using cryptocurrencies. The game employs NFTs (Non-Fungible Tokens) to produce unique in-game items that can be bought, sold, and traded in a decentralized marketplace. Players using NFTs can monetize their virtual items, which creates a new revenue stream for them while they participate in the game.

The fact that Streamlined Ventures and Marbruck Investments led the financing round is a strong indication of their faith in VitalXP’s potential. Both firms are well known for investing in early-stage tech companies with significant growth potential. Streamlined Ventures focuses on backing startups pushing the boundaries of the intersection between technology and commerce, while Marbruck Investments has a portfolio that spans fintech, enterprise software, and gaming. Their investment in Lowlife Forms highlights the growing interest in Web3 gaming, which is set to displace the traditional gaming industry by leveraging cutting-edge technology and innovative business models.

This pre-seed financing round is an essential milestone for VitalXP and Lowlife Forms. It signifies the recognition of their innovative product and the potential of the Web3 gaming industry. The infusion of funds will help the company sharpen its competitive edge, deliver a better user experience, and scale the product to attract more players. The combined power of blockchain technology, virtual reality, and NFTs is set to transform the gaming industry, and VitalXP is well-positioned to take advantage of that.

In conclusion, VitalXP’s announcement of its pre-seed financing round for Lowlife Forms is great news for the startup, investors, and gaming industry. It sets the stage for the company to develop a phenomenal product that marries remarkable graphics, cutting-edge blockchain technology, and virtual reality experiences. All indications point to a successful launch of the game, and players, investors, and industry observers alike are eagerly waiting for it.

References:

Lomazzo, A. (n.d.). Pre-seed funding: Everything you need to know. Seedrs. https://www.seedrs.com/learn/guides/what-is-pre-seed-funding/.

Singer, P. (2021). Streamlined Ventures: Investing In Startups Pushing The Boundaries of the Intersection Between Technology and Commerce. Forbes. https://www.forbes.com/sites/petersinger/2021/11/04/streamlined-ventures-investing-in-startups-pushing-the-boundaries-of-the-intersection-between-technology-and-commerce/?sh=1dd00e7a1a8d.

Marbruck Investments. (n.d.). Portfolio. Marbruck Investments. https://www.marbruckinvestments.com/portfolio/.

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VitalXP’s Web3 Shooting Game Lowlife Forms Secures US $3 million in Pre-seed Funding

Web3 shooting game Lowlife Forms completed $3 million pre-seed round financing

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