A free-to-play Web3 first-person shooter (FPS) game, Exverse, has raised $3 million in funding. This endeavor aims to bring high-quality AAA gaming experiences to the Web3 world, addressing the shortcomings of earlier models that often prioritized tokenomics over gameplay.
Unlike many play-to-earn games, Exverse prioritizes engaging gameplay first, attracting both mainstream gamers and crypto enthusiasts. The game developers aim to capture the essence of beloved FPS titles like Call of Duty, Halo, and Counter-Strike while incorporating blockchain elements seamlessly.
The funding round was led by Cogitent Ventures, Cointelligence, and Moonrock Capital, with the support of other industry leaders like KuCoin Labs, Seedify, and ChainGPT.
The investment from gaming and blockchain VCs ensures access to top-notch technology and expertise, guaranteeing a polished and visually captivating experience.
Exverse has decided to focus its efforts first on developing a fun and visually captivating game and only then strategically working in the token mechanics in a way that rewards skill—all before conducting an IDO.
Exverse promises a different approach, putting fun and immersive gameplay at the center. Built on Unreal Engine 5, the game boasts stunning visuals, competitive action, and unique features like user-generated content and seasonal cycles.
Exverse focuses on skill-based rewards, allowing players to stake tokens at the start of a season. Top performers have the opportunity to earn profits from in-game NFTs, including cosmetic items and skins.
Fei Ooi Hoong, CEO of Exverse, highlights the company’s strategy: “Our hybrid approach is the result of our understanding that for NFT or blockchain games to succeed post-bull market, they need to appeal to gamers in the same way as beloved titles like ‘Call of Duty,’ ‘Halo,’ and ‘Counter-Strike’ have.”
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