Matr1x $10 Million in Funding - How Does it Impact Token Launch?

[⭐ desmonddesk]

I've noticed how easy crypto gaming projects land fundings for their project. At least, as I explore new projects, I come across a number of gaming tokens, most often get good backers and funding and I am wondering how this fundings impact the project's token performance in the market.

I looked up Matr1x, a project that has secured $10 million in funding, with leading investors Folius Ventures and SevenX Fund towards accelerating their development of Matr1x Fire, a first-person shooter mobile game. The developer has announced Matr1x is set to launch its MAX token on August 5th, that's five days from today yet some CEX like Bitget, OkX etc has already shown interest in listing it.

What interests investors in a project, is it about the big funding or a good project them or the utility of the project. Please share your thoughts especially on how funding affects the market performance of a token.