Fundraising Fox

Skatex

8 known investors

SkateX is a Solana-based free-to-play skateboarding MMO with NFT boards, built by San Francisco game studio Block Tackle.

Also known as Block Tackle · Block Tackle, Inc. · Skate X · SkateX

Investors · 8

Also in the syndicate · 7

Brevan HowardCadenza VenturesleadConcept Art HouseHouse FundPirata VenturesRobin ThurstonSolana Ventures

Company profile

researched Aug 2026

SkateX is a free-to-play, extreme-sports massively multiplayer online (MMO) video game in which players own their skateboards and other gear as non-fungible tokens on the Solana blockchain. The game is the debut title of Block Tackle, Inc., a San Francisco-based game studio founded by Ben Topkins and Rob Oshima. In-game activities described by sources include missions, challenges and performing tricks, with boards and streetwear usable inside the game and, according to project materials, in other Solana-based applications.

Alongside the game, SkateX operates an NFT staking program. Holders lock SkateX NFTs in time-limited staking pools (hosted via the Cardinal Protocol, with pools linked from skatex.io/staking) to accrue GRIND (GRND), an SPL token positioned as the project's in-game and utility token used for NFT mints and other utilities. Pools rotate with varying eligibility rules based on attributes such as board collection, type or rarity, and some award "mystery drop" airdrops including additional NFTs and whitelist ("skatelist") spots. Staked NFTs remain in the holder's Solana wallet, can still be used in the game, and can be unstaked at any time.

A separate SKATE token is described by a DApp listing as having had a token generation event and exchange listings in June 2025.

Founding story

Block Tackle was co-founded by Ben Topkins and Rob Oshima, who met while working at mobile gaming company Kabam and later built NERF Strike on Roblox. Sources state that while working on free-to-play mobile titles such as Kingdoms of Camelot, the founders observed that players invested substantial time and money into games without acquiring assets they could sell or carry into other games, which motivated a blockchain-based ownership model. The studio announced its official launch in March 2022 alongside its seed round.

Business model

The studio develops blockchain-based games in which players purchase and own in-game items as NFTs, with a free-to-play game layer and token-based utility (GRIND) tied to NFT ownership and staking.

Traction

The team behind Block Tackle previously built NERF Strike on Roblox, cited with more than 30 million plays, over 10 million players and an 84% positive rating. A DApp listing reports a June 2025 SKATE token generation event, exchange listings, and roughly $14.85M in 24-hour trading volume as of July 2025.

Latest developments

A DApp listing reports that the SKATE token generation event occurred on 9 June 2025 with listings on Binance (Alpha platform and Binance Futures) and Bybit, an accompanying 24-hour airdrop claim window, a SKATEUSDT perpetual contract with up to 50x leverage, and the introduction of a "Skatepark" cross-chain ecosystem hub.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned among Web3 gaming studios launched in 2021-2022 that combined AAA and mobile game development experience with NFT asset ownership; backed by crypto and gaming investors including Animoca Brands, Coinbase Ventures and Solana Ventures.

Sources emphasize a "fun-first" design approach in which blockchain ownership is added to a playable game rather than replacing gameplay, plus player ownership of boards usable both in-game and elsewhere in the Solana ecosystem, and community-driven development.

Technology

SkateX is built on the Solana blockchain. Skateboards and other gear are issued as NFTs; GRIND is an SPL token. Staking pools are hosted on the Cardinal Protocol, with staking transactions requiring SOL for fees and supported only on desktop browsers.

Go-to-market

Community building ahead of an NFT skateboard collection drop, followed by game release; ongoing engagement through rotating staking events, mystery airdrops and whitelist allocations.

Players of extreme-sports and multiplayer online games, and NFT collectors within the Solana ecosystem.

Geography

Headquartered in San Francisco, California, United States.

History

Block Tackle announced its launch and a $5M seed round in March 2022, naming SkateX as its initial release. A drop of 1,080 unique animated 3D skateboard NFTs was planned for April 2022, with the game itself slated for release later that year. The project subsequently introduced NFT staking with GRIND token rewards. A DApp listing reports a SKATE token generation event and exchange listings in June 2025.

Risks & controversies

Multiple market-data and token-tracker pages carry SkateX-related fundraising and price data of uncertain reliability. Separately, "SkateX" is also the name of an unrelated cross-country ski boot and binding system from Madshus and Rottefella, creating name-collision risk in data collection.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
NERF Strike (prior team title) plays on RobloxMar 202230,000,000 plays
NFT skateboards in initial collectionMar 20221,080 NFTs
Team sizeMar 202213 people

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 4

launches, deals, and filings
Jun 2025
SKATE token generation event and exchange listings

According to a DApp listing, the SKATE token generation event took place on 9 June 2025, coinciding with listings on Binance (Alpha platform and Binance Futures) and Bybit, plus a 24-hour airdrop claim using Binance Alpha Points.

source ↗

Apr 2022
Planned drop of 1,080 animated 3D skateboard NFTs

Block Tackle said SkateX would debut after a April 2022 drop of 1,080 unique, customizable 3D animated skateboard NFTs.

source ↗

Mar 2022
Block Tackle raises $5M seed round co-led by Play Ventures and Cadenza Ventures

Block Tackle, the studio behind SkateX, announced its official launch and the close of a $5M seed round co-led by Cadenza Ventures and Play Ventures, with participation from Animoca Brands, Coinbase Ventures, Solana Ventures, Brevan Howard, Concept Art House, House Fund, Hustle Fund, Pirata Ventures and several angels. Proceeds were earmarked for building out its game development studios.

$5M source ↗

Jan 2022
SkateX NFT staking with GRIND token rewards

SkateX launched NFT staking through limited-time pools hosted on the Cardinal Protocol, rewarding staked NFTs with GRIND (GRND) SPL tokens and rotating mystery-drop airdrops.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Skatex do?
SkateX is a Solana-based free-to-play skateboarding MMO with NFT boards, built by San Francisco game studio Block Tackle.
Who are Skatex's investors?
Skatex's investors include Coinbase Ventures.