Exverse secures $3 million in a private funding round to breathe life into Web3’s version of ‘Call of Duty’.

Dubai, UAE, February 15th, 2024, Chainwire

As Exverse readies itself for an imminent alpha phase and token launch, its focus sharpens on development and community engagement thanks to support from key investors like KuCoin Labs, Seedify, Epic Games, and ChainGPT.

Exverse The project, a free-to-play game offering a novel take on AAA first-person shooters tailored for Web3, successfully raises $3 million during a private funding round led by notable investors. Cogitent Ventures ,  Cointelligence , and  Moonrock Capital With supplementary backing from industry stalwarts, the raised funds will aid in gearing up for both the game's testnet and token launch, fostering new strategic partnerships, and bolstering marketing initiatives in the APAC region. KuCoin Labs ,  Epic Games ,  Seedify , and  ChainGPT One of the significant takeaways from the last crypto winter was the unsustainable practices emerging within the early stages of Web3 gaming.

While this assessment holds weight, the flawed model originated from a tendency of Web3 gaming endeavors to chase tokenomics and flashy promotional videos, often neglecting the importance of creating a game that genuinely resonates with both gamers and crypto aficionados. Many ventures rushed to launch tokens or marketplaces without a playable demo, resulting in numerous projects being abandoned or exploited before they could truly take off. unsustainable business model Prior to completing its private seed funding, Exverse established crucial alliances with multiple organizations to equip the startup with the necessary resources for developing a top-tier game, in addition to a strong business framework and marketing plan. Programs from Seedify and KuCoin Labs provided invaluable insight and mentorship, while ChainGPT prepared Exverse for its impending launch and guided their market approach.

Spanning a trio of planets, the Exverse ecosystem delivers an engaging and immersive gaming experience, emphasizing competitive play and intuitive mechanics through a dynamic physics engine and captivating visuals. The three worlds—Social, Quest, and Battle—serve diverse gameplay styles while remaining interconnected within a singular timeline, where players take part in competitive cycles lasting eight weeks. The game design promotes community interaction, allowing players to engage in social events and even craft user-generated environments within a continuously evolving universe. Maven Capital Crafted with Epic's Unreal Engine 5, Exverse leverages blockchain technology to provide a synthesis of entertaining, authentic, and immersive real-time gameplay. The game emphasizes player skill, allowing individuals to earn rewards by staking tokens ahead of each season, with outstanding players receiving shares of profits from in-game NFTs such as skins and cosmetics.

As the alpha launch approaches with a 5,000-player tournament set for March, Exverse has already garnered over 65,000 verified signups. This deathmatch-style tournament on the Battle Planet precedes the token rollout, offering early registrants a unique opportunity to showcase their skills.

Fei Ooi Hoong, CEO of Exverse, remarked, “We see ourselves as trailblazers within the gaming landscape, as we’ve created a high-quality, traditional first-person shooter integrated with Web3 elements. Our mixed approach stems from the recognition that for NFT or blockchain games to thrive after a bull market, they must captivate players just as classics like ‘Call of Duty,’ ‘Halo,’ and ‘Counter-Strike’ do. Hence, our priority has been developing a fun and visually striking game before strategically incorporating token mechanics that reward skill—all this while preparing for our Initial DEX Offering.” pay-2-win mechanics Sayantan Mitra, partner at Cogitent Ventures, expressed enthusiasm about investing in a promising project like Exverse, saying, “They seamlessly integrate the best aspects of Web2 and Web3. Their leadership is robust and forward-thinking, coupled with a skilled group of developers. We eagerly anticipate the growth of their initiative in the coming months.”

The Esport Manager at Seedify said, “Collaborating with the Exverse team throughout their incubation was a delightful experience. They possess a clear vision, strong leadership, and a remarkable development crew, enabling them to maximize our incubation resources. Seedify is committed to continuing our close partnership with Exverse, helping them prepare for their testnet launch while providing comprehensive support, guidance, and necessary infrastructure.”

Situated in Dubai and founded by Nikita Uriupin, Exverse is a forward-thinking gaming studio that emphasizes competitive gameplay, smooth mechanics, and community engagement. With a talented team of developers and industry veterans, Exverse aims to revolutionize the gaming sector by introducing traditional AAA-style first-person shooter gaming into the Web3 arena.

We invite users to stay connected with Exverse through their channels. Please remember, the content shared here is not meant to serve as legal, tax, investment, financial, or any other professional advice. It’s crucial to invest only what you can afford to lose and consider seeking independent financial counsel if you have uncertainties. For more detailed information, we recommend reviewing the terms and conditions along with the support resources provided by the issuer or advertiser. MetaversePost strives for accurate and impartial reporting, but market circumstances can change without prior notice.

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Nikita Uriupin