Soccerverse Secures $3.1 Million in Funding, Led by Square Enix

Soccerverse, the innovative blockchain-based football management game, has secured a significant funding boost with a £2.5 million ($3.1 million) investment led by renowned game publisher Square Enix. This latest funding round, supported by existing investor Hiro Capital, elevates Soccerverse’s total funding to $4 million.

This investment marks a big moment for Soccerverse, fueling its mission to revolutionize the football management genre with a community-driven experience. Soccerverse is a free-to-play game where blockchain technology lets players build their dream teams and wield influence.

Key Investors and Their Statements

Square Enix, a titan in the gaming industry, recognizes Soccerverse’s innovative potential. Hideaki Uehara, General Manager of Investment & Business Development at Square Enix, remarked, “Soccerverse stands out as the most innovative and unique game using blockchain features in the genre. We’re eager to continue our journey with it, now from the perspective of investors as well as fans.”

Impact of the Funding on Global Gaming Company

The newly secured funds are earmarked to optimize Soccerverse’s launch and accelerate its growth. Currently in open beta on the Polygon blockchain, Soccerverse blends a browser-based football management simulator with a trading game. Players can build and manage teams while trading player influence within a vibrant community.

Soccerverse aims to create a player-owned and player-led economy, setting it apart from traditional gaming models. The game is scheduled for a Q4 2024 launch, with the funds dedicated to ensuring a smooth, feature-rich experience for players.

Hiro Capital General Partner Sir Ian Livingstone shared his enthusiasm, reflecting on his history with football management games. “I dare not think about how many hours I’ve spent playing football management games over the years. I’d lapsed, but Soccerverse will inspire me to play again.”

In Soccerverse, players start by building their dream team. This involves scouting for players, negotiating contracts, and managing team dynamics. The goal is to create a well-balanced team capable of competing at the highest levels.

Once your team is assembled, the real challenge begins. Managing your team involves making strategic decisions, such as setting formations, selecting starting lineups, and adapting tactics based on the opposition. This requires a deep understanding of the game and the ability to think on your feet.

One of Soccerverse’s most innovative features is the ability to trade player influence. This allows players to buy, sell, and trade player influence on the blockchain, creating a dynamic marketplace. According to its website, Soccerverse offers true asset ownership, and the game aims to be entirely player-led, ensuring that it remains dynamic and engaging for the long term.

Editor’s note: This article was written with the assistance of AI. Edited and fact-checked by Owen Skelton.