Gaming News
| Published On Jun 7, 2024 10:05 am CEST | By Jenny Patel

XOCIETY Secures $7.5 Million in Pre-Series A Funding for Innovative AAA Shooter Game

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XOCIETY, an upcoming AAA third-person shooter game, has closed a successful $7.5 million pre-Series A funding round to fuel its development journey. Leading the investment round are Hashed and the Sui Foundation, along with notable contributions from key players in the gaming industry like Spartan, Neoclassic, Bigbrain Holdings, and KRAFTON.

XOCIETY aims to revolutionize the gaming landscape by merging PvP and PvE elements with RPG mechanics, empowering players to shape the game’s economy. Departing from conventional FPS titles, XOCIETY introduces a dynamic gameplay experience where player decisions influence the game environment.

Jeffry Kim, founder of NDUS, the studio behind XOCIETY, emphasized, “We’re building a sustainable player engagement model, stepping away from short-lived earning models seen in some Web3 games. This investment will enable us to blend the best of traditional gaming with Web3 possibilities.”

Development Insights and Testing Success

During beta testing, XOCIETY attracted significant engagement, with over 3,000 users from 76 countries and more than 11,000 hours of gameplay. Impressively, 77% of players returned for a week or more, indicating strong potential for user retention. Team NDUs, comprising industry veterans like Myoungjin Lee and Sang Chung, is expected to drive XOCIETY’s success in the competitive gaming market.

Greg Siourounis, Managing Director of Sui Foundation, commented, “XOCIETY is a natural fit for Sui. With Sui’s high throughput and instant settlement speeds, players can experience the best of gaming powered by web3.”

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XOCIETY introduces an in-game corporation system, allowing players to own shares and manage economic entities within the game world. This feature encourages deeper player engagement and investment, blending gaming with economic simulation elements.

Jenny Patel

Jenny Patel, a dedicated freelance writer, has been consumed by her love for gaming since her childhood days. Her go-to games growing up were Elder Scrolls V: Skyrim on PC and Halo 3 on XBOX. Jenny now enjoys the flexibility of working remotely, allowing her to explore the world while indulging in her gaming passion.