- Xternity, a gaming-focused web3 platform, has launched their open beta and announced $4.5M in pre-seed funding
- The Xternity platform allows game developers to bring their players to Web3 through NFTs, loyalty programs and more
- The Xternity open beta supports a variety of blockchains, including Solana, Polygon, Celo and ImmutableX
Xternity launches open beta and announces $4.5 million in funding
Xternity, a web3 ecosystem built with a focus on gaming, has launched its open beta and announced it raised $4.5 million in pre-seed funding.
The Xternity platform allows game developers to implement web3 features and offer their players digital ownership through non-fungible tokens (NFTs). The platform allows game developers to onboard their player to web3 through features like customized wallets, loyalty rewards and NFT stores. Xternity says its platform is a “no-code” solution that doesn’t require game developers to have a dedicated blockchain developer on staff.
The recently-launched Xternity open beta supports a multi-chain API, embedded wallets, an NFT platform, as well as a customer relationship management (CRM) tool that supports a variety of blockchains, including Solana, Polygon, Celo and ImmutableX. The list of supported blockchain platforms is notable, since all of these blockchains offer fast transactions and low fees, making them suitable for mainstream-oriented use cases such as gaming.
Shahar Asher, the co-founder and CTO of Xternity, explained that the Xternity platform allows developers to focus on their core mission, which is developing games:
“Xternity platform enables game developers to work with many blockchains simultaneously at scale while having a unified code experience, they also can add NFT assets, and game economy layers while focusing on their core mission.”
Xternity’s $4.5 million pre-seed funding was provided by Jibe Ventures, Flori Ventures, Secret Chords, Vgames and NFX. This is further proof that investors are still bullish on web3’s role in gaming, despite the current bearish phase in the crypto asset market.
Xternity co-founder and CEO Sagi Maman shared his thoughts on what it will take to bring about the mass adoption of web3 technologies:
“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.”
Meanwhile, Gigi Levy Weiss, a general partner at NFX, praised Xternity’s understanding of game developers’ needs and said their platform is a seamless solution for onboarding web2 games to web3.