M10 Secures $3 Million in Funding to Revolutionize Gaming
M10, a pioneering developer and publisher focusing on competitive multiplayer Web3 games, has successfully obtained $3 million in its latest funding round.
Key Investors Join the Seed Round
The seed funding welcomed notable investors including the Sui Foundation, Big Brain Holdings, GSR, Monoceros, Blockchain Founders Fund, and Presto Labs among others.
A Visionary Team Committed to Innovation
M10 was co-founded by seasoned professionals from the gaming industry aiming to innovate beyond traditional free-to-play models. The leadership team consists of CEO Maitham Mohamed (recognized in Forbes 30 Under 30), President Lars Buttler (co-founder of Trion Worlds), and Chief Creative Officer Martin Capel (former game director for Ubisoft’s Assassin’s Creed).
Assembling a Talented Development Team
The newly formed studio is currently working on its first unannounced title with a team comprised of veterans who have contributed to AAA games like Assassin’s Creed, Watch Dogs, Red Dead Redemption 2, Ghost Recon, Rainbow Six Siege and GTA V.
Pioneering New Business Models in Gaming
Through a strategic collaboration with the Sui Foundation, M10 aims to establish an innovative gaming business framework that transcends conventional F2P structures. “At M10”, articulated Mohamed during a recent statement. “We are determined to tackle fundamental issues plaguing F2P models and expand this sector significantly.” He emphasizes their commitment to delivering an exhilarating shooter experience while reshaping future F2P gameplay.
A Gamer’s Journey into Game Development
Mohamed’s passion for gaming began at an early age; as a pre-teen he navigated through FIFA Ultimate Team’s gray market successfully generating income. Observing substantial transformations within the gaming landscape has fueled his ambition for creating novel game experiences alongside fresh business avenues where players can generate real value and profit directly from their gameplay.
Tackling Monetization Challenges Head-On
The primary objective revolves around addressing deep-seated challenges linked with hyper-aggressive monetization often associated with free-to-play titles. By introducing this new model aimed at revitalizing stagnation found within PC and console markets for F2P games—M10 is on track to ignite growth through dynamic competitive multiplayer shooters aimed at inclusivity for all gamers.
A Strategic Partnership with Impactful Visionaries
“Sui is dedicated to enhancing the gaming sector using groundbreaking blockchain technologies designed explicitly for immersive player experiences,” stated Christian Thompson from Sui Foundation. “Considering M10’s impressive talent pool combined with their exciting projects makes them ideal long-term collaborators.”
Sui: A Groundbreaking Blockchain Platform for Future Developments
Sui uniquely functions as both Layer 1 blockchain technology paired with smart contract functionality tailored towards ensuring seamless digital asset ownership—emphasizing privacy and accessibility across various user demographics. Its object-centric architecture utilizes Move programming language facilitating rapid execution procedures complemented by low-cost operations without sacrificing performance quality.
