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HomeRecent ArticlesDubai-based Exverse Secures $3 Million in Private Funding Round

Dubai-based Exverse Secures $3 Million in Private Funding Round

Exverse – is a next-gen virtual battle metaverse combining Play & Earn mechanics with the action genre, has secured $3 Million in Private Funding Round led by led by Cogitent Ventures, Cointelligence, and Moonrock Capital, with participation from investors included KuCoin Labs, Epic Games, Seedify, and ChainGPT.

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In addition to boosting marketing initiatives, especially those aimed at the Asia-Pacific (APAC) region, it will also help prepare for the game’s testnet and token launch, enable the formation of strategic alliances, and grow operations and development activities.

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“We see ourselves as pioneers in the gaming industry because we’ve built an AAA-quality, classic 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 succeed post-bull market, they need to appeal to gamers in the same way as beloved titles like ‘Call of Duty,’ ‘Halo,’ and ‘Counter-Strike’ have. We decided to focus our efforts first on developing a fun and visually captivating game, and only then strategically working in the token mechanics in a way that rewards skill—all before conducting an IDO.”

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“We are excited to be invested in such a promising gaming project like that of Exverse, who gracefully blends the best of Web2 with Web3,” says Sayantan Mitra, partner at Cogitent Ventures. “They boast a strong and visionary leadership along with a talented group of developers, and we are excited to see their project advance over the next several months.”

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About Exverse

Founded by Nikita Uriupin, Exverse is a AI-powered free-to-play shooter backed by Seedify & KuCoin Labs, with intricate lore and novel gameplay systems, all built on Unreal Engine 5, consisting of 3 Planets, set to launch in February 2024.

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