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Xternity has raised $4.5 million in a funding round led by NFX to boost adoption of web3 by web2 games.
Xternity, a Web3 platform for games, has announced that it has raised $4.5 million in a funding round. In a press release shared with Coinjournal, the team said the investment round was led by his NFX, with participation from other investors including Jibe Ventures, Flori Ventures, Secret Chords and Vgames.
Investors are popular within the web3 and gaming ecosystem as they support high-end projects.
Xternity is a project started by Sagi Maman (CEO) and Shahar Asher (CTO). The project aims to help game creators build the future of gaming by giving players true digital ownership.
In addition to raising $4.5 million in funding, Xternity also announced an open beta. In open beta, the game will have multi-chain APIs, built-in and customized wallets, NFTs Web3 CRM tools already integrated with large platforms and major blockchain networks such as Polygon, ImmutableX, Solana, Celo.
While commenting on this latest development, CEO Sagi and former Playtika said:
Xternity strives continuously to define and build long-term solutions with valued utility for our users. We believe this is only possible with simple, secure and scalable technology.
The gaming sector is embracing web3 adoption, with an increasing number of web2 games making the transition. While more infrastructure and adoption tools are released into the ecosystem, Xternity said it is looking to build no-code solutions to help game developers drive player engagement, especially among GenZ. I was.
Xternity acts as a meta layer that seamlessly integrates into any game. Shahar added it.
The Xternity platform enables game developers to operate many blockchains simultaneously at scale while delivering a unified code experience. We can also add NFT assets and game economy layers while focusing on our core mission. I can do it.”
NFX general partner Gigi Levy Weiss concluded:
Xternity founders leverage their unique perspective on both game monetization and scalable platforms to build the ultimate web3 ecosystem for gaming. Scalable infrastructure and sustainable economy. By understanding the needs of game developers for their model, they were able to create a seamless solution to safely bring web2 games to web3, and the current framework is just the first milestone.
Xternity’s mission is to build a comprehensive ecosystem for empowering players on web3.
Web3 Refers to the next major phase of the Internet, which is still under development. It is expected to be more user-friendly and decentralized with improved security and privacy features.
