Exverse raises $3 million in private round to bring Web3's 'Call of Duty' to life

(PRESS RELEASE – Dubai, UAE, February 15, 2024)

As the gaming project prepares for its upcoming alpha and token launch, Exverse is focused on refinement and community building thanks to the support of key incubators and launch platforms including KuCoin Labs, Seedify, Epic Games, and ChainGPT.

Versea free-to-play game that brings a new take on AAA first-person shooters to Web3, raises $3 million in private round led by Think about companies, Co-intelligenceand Moonstone Capital. With additional support from industry leaders such as KuCoin Labs, epic games, Seedifyand GPTStringThe funding will boost preparations for the game's token and testnet launch, forge additional strategic partnerships, and expand its marketing efforts in the APAC region.

Among other issues, the last crypto winter highlighted the first Web3 games. unsustainable business model. While this criticism is sound, the unsustainable model emerged from Web3 gaming projects that consistently prioritize tokenomics and flashy trailers at the expense of creating a quality game that can resonate with both mainstream gamers and cryptocurrency enthusiasts. In many cases, projects launched tokens or markets before even having a working demo, leading to many games being abandoned or exploited without taking off.

Before closing its private seed round, Exverse forged strategic partnerships with a wide range of entities to ensure the startup has a full arsenal of tools to build the strongest game possible, along with a solid business model and marketing strategy. Seedify and KuCoin Labs provided guidance and mentorship through their incubation programs, with ChainGPT preparing Exverse for its upcoming launch, and Expert Capital advise the startup on its marketing strategy.

Spanning three planets, the Exverse ecosystem offers players an immersive experience and advanced gameplay by focusing heavily on competitive and intuitive mechanics, a fluid physics engine, and dynamic visuals. Exverse's three planets (Social, Quest, and Battle) cater to different play styles while remaining interconnected within a single timeline, where users compete in cycles known as seasons, which last eight weeks. The game is designed to foster community by allowing players to participate in social events and even develop user-generated worlds within an ever-expanding universe.

Built with Epic's Unreal Engine 5, Exverse uses blockchain technology to balance fun, realistic, and immersive real-time gameplay. The game prioritizes skill over Pay-2-win mechanicsallowing players to earn rewards by staking tokens before the start of a season, with top players receiving a share of the profits from in-game NFTs such as cosmetics and skins.

Ahead of its upcoming alpha launch with a 5,000-player tournament scheduled for March, Exverse has already surpassed 65,000 verified registrations. The deathmatch-style tournament held on the game's Battle Planet precedes the launch of the Exverse token and gives those first on the waitlist an exclusive opportunity to test their skills.

“We consider ourselves pioneers in the gaming industry because we have created a classic AAA quality first-person shooter with Web3 elements,” says Fei Ooi Hoong, CEO of Exverse. “Our hybrid approach is the result of our understanding that for nft or blockchain games to be successful after the bull market, they must appeal to players in the same way as beloved titles like 'Call of Duty,' 'Halo,' and ' Counter'. -Strike' he has. “We decided to focus our efforts first on developing a fun and visually engaging game, and only then strategically work on the token mechanics in a way that rewards skill, all before performing an IDO.”

“We are excited to invest in such a promising gaming project like Exverse, which elegantly combines the best of Web2 with Web3,” says Sayantan Mitra, Partner at Cogitent Ventures. “They have strong, visionary leadership along with a talented group of developers, and we are excited to see their project progress over the coming months.”

“It has been a great pleasure to work closely with the Exverse team during their incubation period with us,” says Esport Manager at Seedify. “They had great vision, talented leadership, and an impressive team of developers that allowed them to get the most out of our incubator. “Seedify continues to work closely with Exverse to prepare the team for the launch of its testnet, as well as providing a wide range of support, guidance and infrastructure.”

About Exverso

Based in Dubai and founded by Nikita Uriupin, Verse is an innovative game studio focused on competitive mechanics, smooth gameplay, and community development. With a dedicated team of talented developers and gaming veterans, Exverse is on a mission to redefine the gaming industry by bringing traditional AAA-quality first-person shooters to the Web3 space.

Users can follow Exverse on Twitter for more updates.

Contact

Nikita Uriupin
[email protected]

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