Exverse Raises $3 Million Investment to Enhance Web3 Gaming
The funding round was led by investors including Cogitent Ventures, Cointelligence, and Moonrock Capital.
Exverse, a gaming startup headquartered in Dubai, has secured a $3 million investment in a private funding round to enhance the experience of Web3 gaming.[1]
Read More: Riot Games Trims 11% of Global Workforce
The funding round, led by investors including Cogitent Ventures, Cointelligence, and Moonrock Capital, witnessed participation from industry players such as KuCoin Labs, Epic Games, Seedify, and ChainGPT.
With this infusion of capital, Exverse is poised to accelerate its preparations for the upcoming launch and token release while also forging strategic partnerships and amplifying marketing efforts across the Asia-Pacific (APAC) region.
Exverse, powered by Epic's Unreal Engine 5, aims to address these concerns by prioritizing gameplay quality over tokenomics. The company is committed to delivering a compelling gaming experience that resonates with both mainstream gamers and crypto enthusiasts alike.
At the core of Exverse's gaming universe lies its three-planet ecosystem—Social, Quest, and Battle—designed to offer players immersive and diverse gameplay experiences. From large-scale battle royales on Battle Planet to cooperative clan raids on Quest Planet, and community events on Social Planet, Exverse promises a dynamic gaming environment that caters to various playstyles.
Players can stake tokens before each season to earn rewards, with top performers receiving a share of profits from in-game non-fungible tokens (NFTs) such as cosmetics and skins.
Ahead of Exverse's token launch, a deathmatch-style tournament on Battle Planet will provide early waitlist members with an exclusive opportunity to showcase their skills and compete for rewards.