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Announcing Open Beta Launch, Web3 Gaming Ecosystem Xternity Raises $4.5 Million in Funding

btclive365 by btclive365
November 9, 2022
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Announcing Open Beta Launch, Web3 Gaming Ecosystem Xternity Raises $4.5 Million in Funding

Key highlights

  • Developing a comprehensive Web3 gaming platform, Xternity announced its open beta and $4.5 million investment.
  • Integrating with many blockchain networks, Xternity provides many tools for blockchain-based game development.
  • Xternity can act as a meta layer that can be easily integrated into all games.

Xternity, a Web3 gaming platform, announced both the launch of an open Beta and a $4.5 million fundraising. Xternity was founded by CEO SagiMaman and CTO Shahar Asher, aiming to improve the gaming experience and shape the gaming industry of the future by enabling gamers to fully own digital property.

The $4.5 million investment includes Vgames, Flori Ventures, Jibe Ventures, Secret Chords, and NFX, which are key investors of both the Web3 world and the gaming industry.

Xternity Open Beta

Xternity has announced its open beta offering a large-scale NFT platform, Multi Chain API, customized and embedded wallet, and Web3 CRM tools integrated with multiple blockchain networks, including Solana, Polygon, ImmutableX, and Celo. The platform provides many tools for the gaming industry to be Web3 compatible in the near future.

Xternity focuses on building code-free solutions to drive GenZ engagement and adoption. Working as a meta layer that can be seamlessly added to any game, Xternity builds its ecosystem with strong infrastructure.

Quotes from Managers

Sagi, the CEO, and Ex-Playtika says: “Xternity continuously strives to define and build a long-term solution with valuable utility for the user. We believe that mass adoption of Web3 is possible only with simple, safe, and scalable technology built upon a sustainable engagement economy.”

On the technology side, the “Xternity platform enables game developers to work with many blockchains simultaneously at scale while having a unified code experience. They can also add NFT assets, and game economy layers while focusing on their core mission,” Shahar says.

NFX General Partner Gigi Levy Weiss said, “Xternity’s founders are utilizing their unique perspectives of both game monetization and scalable platforms to build the ultimate web3 ecosystem for games. By understanding game developers’ need for scalable infrastructures and sustainable economic models, they were able to create a seamless solution that safely onboards web2 games to web3, and the current framework is just the first milestone”.

More about Xternity

Xternity was founded by veterans of the tech, gaming, and e-commerce industries, with the aim of enabling developers to develop metaverse and games within the Web3 framework and bring them together with the community. Aiming to build a comprehensive ecosystem for gamer empowerment on Web3, Xternity has developed next-generation engagement tools to address the complexities and overheads that brands and developers may encounter.



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