According to official sources, the large-scale AAA metaverse game Dota X has recently announced the completion of a new strategic funding round.
According to official sources, large-scale AAA metaverse game Dota X has recently announced the completion of a new strategic funding round. The investors include Valve Corporation, the global gaming giant behind the Steam platform, and Chiliz Labs, a leading blockchain company in sports and entertainment. The funds will be used to expand Dota X’s Web3 gaming ecosystem and to promote the adoption of its in-game payment solution based on Chiliz Chain.
Valve has previously explored blockchain and NFT integration through its Steam platform. This investment marks Valve’s official entry into the blockchain gaming space. A Valve spokesperson stated that Dota X’s technical architecture aligns closely with Steam’s philosophy of openness and that the company will explore innovative applications of the Play-to-Earn model in future development.
As a pioneer in the fan token space, Chiliz Labs plans to integrate Dota X’s payment system with its Socios.com platform, offering flexible cryptocurrency payment solutions for sports clubs and live events. For instance, users will be able to directly purchase event tickets or fan tokens via the Dota X wallet, further bridging the worlds of sports, entertainment, and blockchain.
Developed by a dedicated team under Valve Corporation’s Dota X division, the game brings together original creatives from Dota 2 and top-tier Web3 developers. Dota X is an epic AAA production that builds on over a decade of IP legacy. Powered by the Source 2 engine, players will traverse 4K ray-traced interstellar battlefields, commanding NFT heroes to unleash visually stunning particle-effect skills. The game incorporates a decentralized economic system that enables players to simultaneously experience the thrill of combat and the sovereignty of digital asset ownership.
By deeply integrating classic MOBA gameplay with metaverse and blockchain technologies, Dota X redefines the concept of “game-as-asset.” It represents a new digital civilization that is cross-platform and cross-dimensional. Following this round of funding, Dota X has reached a valuation of $1 billion, officially joining the ranks of Web3 gaming unicorns.
Dota X will use the newly raised capital to accelerate compliance efforts across Europe and Asia, aiming to obtain the necessary financial licenses. In Q2 2025, the game will roll out an on-chain weapon forging system and hero leveling system for early users, aiming to lower entry barriers for Web3 gamers. The platform will support multi-chain asset interoperability and take advantage of Chiliz Chain’s low-latency on-chain transaction engine.
The project also plans to onboard over 20,000 game studios, enabling them to integrate digital assets such as character skins, weapons, and virtual land into the Dota X ecosystem.
Dan Ives, analyst at Wedbush Securities, commented that the involvement of Valve and Chiliz reflects the accelerating convergence of traditional tech and blockchain. Much like how Apple is creating a “supercycle” through AI and its developer ecosystem, Dota X is well-positioned to become a central hub in the Web3 gaming sector. He added that growing expectations for Federal Reserve rate cuts are increasing liquidity in crypto markets, and strategic investments like this may further attract institutional capital into the blockchain space.
