Exverse Bags $3M Investment for Launching Web3’s Answer to Call of Duty

Exverse, a Web3-based first-person shooter (FPS) game, has successfully secured $3 million in a private investment round. This significant financial boost, spearheaded by leading entities such as Cogitent Ventures, Cointelligence, and Moonrock Capital, is earmarked for advancing the game’s development, particularly focusing on the testnet and the introduction of its unique token system.

The funds will also be instrumental in establishing key strategic alliances and amplifying Exverse’s marketing endeavors across the Asia-Pacific region. With this new capital, Exverse is poised to introduce an innovative free-to-play shooter experience across three distinct planets, each offering unique gameplay dynamics:

• The Battle Planet, where players engage in large-scale battle royales and team deathmatches.
• The Quest Planet, designed for seasonal events, clan raids, and special missions.
• The Social Planet, serving as the game’s communal hub for events and player interactions.

Already, the game has attracted over 65,000 players who have registered for an upcoming 5,000-player deathmatch tournament, coinciding with the Alpha release. Exverse’s development team, comprised of seasoned professionals, aims to set a new standard in Web3 gaming by combining AAA-quality with engaging, community-driven experiences.

The investment round, which also saw participation from KuCoin Labs, Epic Games, Seedify, and ChainGPT, underscores the industry’s recognition of Exverse’s potential to redefine Web3 gaming. This funding will facilitate not just the technical development but also the formation of a robust business model and a strategic marketing plan, leveraging advice and mentorship from established names in the gaming and blockchain sectors.

Exverse differentiates itself by prioritizing engaging gameplay and community building over the token-centric models that have previously dominated Web3 gaming. With a focus on competitive play, intuitive mechanics, and dynamic visuals powered by Unreal Engine 5, Exverse aims to offer a gaming experience that is both immersive and rewarding. The game encourages skill-based competition, with opportunities for players to earn through staking and performance in seasonal competitions.

With an impressive roster of over 65,000 sign-ups for its Alpha launch and tournament, Exverse is on the cusp of introducing its unique gaming experience to a global audience. The game’s design philosophy, which emphasizes fair play and community engagement, represents a significant shift in the approach to integrating blockchain technology into mainstream gaming.

Fei Ooi Hoong, CEO of Exverse, articulates the company’s vision: “We see ourselves as pioneers in the gaming industry because we’ve built an AAA-quality, classic first-person shooter with Web3 elements. Our game is a testament to our belief that blockchain games must captivate gamers just as traditional titles have done, by focusing first on creating a compelling gameplay experience.”

Investors and incubator partners have expressed their enthusiasm for Exverse’s approach and potential. Sayantan Mitra from Cogitent Ventures and the Esport Manager from Seedify praised the team’s vision, leadership, and the promising future of the project.