Dubai-based gaming studio Exverse has raised $3 million in a private funding round led by prominent investors Cogitent Ventures, Cointelligence, and Moonrock Capital.
This significant investment marks a pivotal moment for the gaming industry, signaling a departure from previous models plagued by unsustainable tokenomics and lackluster gameplay.
The funding injection, further bolstered by support from industry giants like KuCoin Labs, Seedify, and ChainGPT, is earmarked to propel Exverse towards its forthcoming milestones. It will fuel the preparation for the game’s testnet and token launch, facilitate the forging of strategic partnerships, and amplify marketing endeavors, particularly targeting the Asia-Pacific (APAC) region.
Exverse prioritizes quality gameplay over flashy token mechanics, aiming to appeal to both mainstream gamers and crypto enthusiasts
Amidst the critique stemming from the crypto winter, Exverse stands out as a beacon of innovation, recognizing the pitfalls of previous Web3 gaming ventures.
CEO Fei Ooi Hoong emphasizes the company’s commitment to quality gameplay, asserting that success in the post-bull market era hinges on resonating with mainstream gamers and crypto enthusiasts alike.
Exverse’s approach prioritizes the development of an AAA-quality first-person shooter before integrating token mechanics—a stark departure from the industry’s tendency to prioritize flashy trailers over substance.
Strategic Partnership with industry leaders like KuCoin Labs and ChainGPT
Strategic partnerships play a crucial role in Exverse’s roadmap to success. Prior to concluding its private seed round, the company secured alliances with key entities such as Seedify, KuCoin Labs, and ChainGPT, each contributing expertise and resources to fortify Exverse’s foundation.
Maven Capital’s advisory role underscores the startup’s meticulous go-to-market strategy, ensuring a robust business model alongside compelling gameplay.
Exverse Promises Immersive Gameplay Experience
At the core of Exverse’s appeal lies its immersive gameplay experience, spanning three interconnected planets—Social, Quest, and Battle. The game’s innovative design, powered by Epic’s Unreal Engine 5, seamlessly integrates blockchain technology to offer players a skill-driven environment devoid of pay-to-win mechanics. By incentivizing skill through token staking and rewarding top performers with in-game NFTs, Exverse fosters a competitive yet fair gaming ecosystem.
With an alpha launch on the horizon, Exverse has already amassed an impressive 65,000 verified signups, indicative of widespread anticipation within the gaming community. The upcoming 5,000-player tournament promises a glimpse into the game’s potential, setting the stage for a groundbreaking fusion of cutting-edge technology and immersive gameplay.
Seedify’s Esport Manager attests to Exverse’s remarkable journey, praising the startup’s vision, leadership, and technical prowess. As Exverse gears up for its testnet launch, the support from incubators and industry veterans underscores the collective effort to redefine the future of Web3 gaming.
