Dubai's Exverse Raises $3 Million for Blockchain Gaming Platform

Dubai's Exverse Raises $3 Million for Blockchain Gaming Platform

By Staff Writer, 18 February 2024

Exverse, a Dubai-based gaming start-up, has successfully secured $3 million in investment, gearing up for its forthcoming token launch and intensifying marketing endeavors.

Cogitent Ventures, Cointelligence, and Moonrock Capital spearheaded the private funding round, joined by prominent supporters including KuCoin Labs, Epic Games, Seedify, and ChainGPT, as stated by the company.

With over 65,000 sign-ups already, the platform operates on blockchain technology, offering users an immersive gaming experience.

It emphasizes community building by facilitating social events and enabling the creation of user-generated worlds.

Players are incentivized through token rewards, with top performers earning a portion of profits from in-game NFTs (non-fungible tokens).

The injection of funds will fuel the platform's testnet and subsequent token launch, bolster strategic partnerships, and extend marketing endeavors across the Asia-Pacific region, according to the official statement.

Source: Cleofe Maceda / Zawya

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