Polish gaming company Elympics wins $100k at NBX Pitch Contest 2022
Warsaw-based blockchain gaming startup Elympics has won the main prize of $100,000 in a pitch contest at the Next Block Expo festival. The company received recognition from leading European VC funds for its innovative approach to creating Web3 play-to-earn games, MamStartup reports.
- Elympics offers a game developments platform. It allows game developers to create play-to-earn blockchain games faster and easier. The company was developed within the Warsaw-based venture builder Daftcode.
“It may seem that DeFi and NFT are at the forefront of the blockchain revolution, but gaming is not left behind. This sector shows strong resilience to shocks in times of a crypto winter. We were not the only gaming startup in the finals. It shows that investors see the potential of this market. Web3 games are only at the beginning of their journey,”Michał Dąbrowski, CEO and Founder of Elympics, comments on the results.
- Next Block Expo is a blockchain festival that was held on November 23-24 in Berlin. The event is a home for NBX Pitch Contest, which selects the best startups in Web3 sector, including DeFi, Blockchain Gaming, Metaverse, and NFT. The winner receives $100,000 of investment introduction and the follow-ups get $50,000 and $30,000, respectively.
- Over 100 submissions came from startups operating in various segments of the Web3 market. A jury of blockchain investors representing Pointer Capital, APX VC, Greenfield Capital, and CV Labs selected 20 companies. In the finals, the participants personally pitched their solutions on the main stage of the Next Block Expo conference.
- Elypmics grabbed the main prize. Another Polish startup Soil, an innovative DeFi platform for corporate loans, got the third place. It is building a liaison between borrowers (traditional businesses) and lenders (crypto holders).
“The award will help us to further develop our technology for creating safe multiplayer games. In the coming months, we intend to introduce new methods of game monetization and, in the longer term, to decentralize our game hosting infrastructure,”Michał Dąbrowski reveals.