![Exverse 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.](https://startuprise.org/wp-content/uploads/2024/02/Exverse.webp)
![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.](https://startuprise.org/wp-content/uploads/2024/02/Exverse.webp)
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.
Read also – HUB71 and Stride Ventures Join Forces To Foster Innovation in Abu Dhabi
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.
Read also – Ayekart Raises $6.5 Million in Series A Round
“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.”
Read also – Bengaluru-based IDC Kitchen Secures Funding From Velocity
“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.”
Read also – Metalbook Raises $15 Million Series A Funding
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.
Read also – solutions by stc and Devoteam Global Group Join Forces Through Signing an MoU