Exverse Lands $3M in Non-public Spherical to Carry Web3’s ‘Name of Responsibility’ to Life

[PRESS RELEASE – Dubai, UAE, February 15th, 2024]

Because the gameplay-first venture gears up for its upcoming alpha and token launch, Exverse hones in on refinement and community-building due to backing from key incubators and launchpads together with KuCoin Labs, Seedify, Epic Video games, and ChainGPT

Exverse, a free-to-play sport bringing a recent tackle AAA first-person-shooters to Web3, raises $3 million in a personal spherical led by Cogitent Ventures, Cointelligence, and Moonrock Capital. With extra help from business leaders corresponding to KuCoin Labs, Epic Video games, Seedify, and ChainGPT, the funding will energy preparations for the sport’s testnet and token launch, forge extra strategic partnerships, and develop its advertising efforts within the APAC area.

Amongst different points, the final crypto winter highlighted early Web3 gaming’s unsustainable enterprise mannequin. Whereas this critique is strong, the unsustainable mannequin stemmed from Web3 gaming tasks always prioritizing tokenomics and flashy trailers on the expense of constructing a top quality sport that would resonate with mainstream players and crypto fanatics alike. In lots of instances, tasks launched tokens or marketplaces earlier than even having a working demo—resulting in many video games being deserted or exploited with out getting off the bottom.

Earlier than closing its non-public seed spherical, Exverse solid strategic partnerships with a variety of entities to make sure the startup has a full arsenal of instruments to develop the strongest doable sport, alongside a strong enterprise mannequin and advertising technique. Seedify and KuCoin Labs supplied steering and mentorship through their incubation applications—with ChainGPT making ready Exverse for its upcoming launch —and Maven Capital advising the startup on its go-to-market technique.

Spanning three planets, the Exverse ecosystem affords players an immersive expertise and superior gameplay by focusing closely on aggressive and intuitive mechanics, a fluid physics engine, and dynamic visuals. Exverse’s three planets—Social, Quest, and Battle—cater to totally different enjoying types whereas remaining interconnected inside a single timeline, the place customers compete in cycles often known as seasons, lasting eight weeks. The sport is designed to foster neighborhood by permitting gamers to have interaction in social occasions and even develop user-generated worlds inside an ever-expanding universe.

Constructed utilizing Epic’s Unreal Engine 5, Exverse makes use of blockchain know-how to strike the steadiness between satisfying, life like, and immersive real-time gameplay. The sport prioritizes talent over pay-2-win mechanics, enabling gamers to earn rewards by staking tokens earlier than a season’s kickoff, with high performers receiving a share of earnings from in-game NFTs corresponding to cosmetics and skins.

Forward of its upcoming alpha launch with a 5,000-player event set for March, Exverse has already surpassed 65,000 verified signups. The deathmatch-style event occurring on the sport’s Battle Planet precedes Exverse’s token launch and provides early wait listers an unique likelihood to check their abilities.

“We see ourselves as pioneers within the gaming business as a result of we’ve constructed an AAA-quality, basic first-person shooter with Web3 components,” says Fei Ooi Hoong, CEO of Exverse. “Our hybrid method is the results of our understanding that for NFT or blockchain video games to succeed post-bull market, they should attraction to players in the identical method as beloved titles like ‘Name of Responsibility,’ ‘Halo,’ and ‘Counter-Strike’ have. We determined to focus our efforts first on growing a enjoyable and visually fascinating sport, and solely then strategically working within the token mechanics in a method that rewards talent—all earlier than conducting an IDO.”

“We’re excited to be invested in such a promising gaming venture like that of Exverse, who gracefully blends the most effective of Web2 with Web3,” says Sayantan Mitra, associate at Cogitent Ventures. “They boast a powerful and visionary management together with a gifted group of builders, and we’re excited to see their venture advance over the following a number of months.”

“It’s been an amazing pleasure working carefully with the Exverse staff throughout their incubation interval with us,” says Esport Supervisor at Seedify. “That they had an amazing imaginative and prescient, gifted management, and a powerful staff of builders that allowed them to get probably the most out of our incubator. Seedify continues working carefully with Exverse to organize the staff for his or her testnet launch in addition to offering a wide selection of help, steering, and infrastructure.”

About Exverse

Headquartered in Dubai and based by Nikita Uriupin, Exverse is an revolutionary gaming studio centered on aggressive mechanics, seamless gameplay, and neighborhood growth. With a devoted staff of gifted builders and gaming veterans, Exverse is on a mission to redefine the gaming business by bringing conventional AAA-quality first-person shooter gaming to the Web3 area.

Customers are welcome to observe Exverse on Twitter for extra updates.

Contact

Nikita Uriupin
staff@exverse.io