ArenaX Labs, a technology company with a mission to educate people about artificial intelligence (AI) through interactive gaming experiences, has successfully raised $6 million in a funding round. The investment was led by Framework Ventures, a venture capital firm that specializes in gaming and decentralized finance. Other participants in the funding round include SevenX Ventures, FunPlus / Xterio, and Moore Strategic Ventures.
The funding will be utilized to further develop ArenaX Labs’ flagship product, AI Arena. This game introduces a novel approach to AI education by allowing players to collect AI-powered characters and train them in combat strategies. AI Arena is designed as a player-versus-player (PVP) fighting game similar to Super Smash Bros. However, instead of battling other human players, participants focus on training AI characters to autonomously engage in combat.
In AI Arena, the proficiency of the human trainer directly influences the combat abilities of the AI character. The game aims to create an engaging and educational experience, enabling players to learn about AI in a fun and interactive way. The concept encourages players to form strong connections with their AI characters, fostering a deeper understanding of AI technology.
One notable aspect of AI Arena is its accessibility, as the game requires no coding skills. Players can engage with AI concepts without the need for advanced technical expertise. Furthermore, AI Arena will be available as a free-to-play game, with a web3 version that allows players to compete for rewards.
ArenaX Labs aims to redefine the way consumers perceive AI by incorporating it into entertaining and educational products. The company’s approach leverages gamification to make AI concepts more approachable and enjoyable for a broader audience. Framework Ventures, the leading investor in the funding round, expressed confidence in ArenaX Labs’ innovative approach to consumer AI and its ability to drive engagement by integrating learning into the gaming experience.