Xternity Web3 gaming platform opens beta testing
New York City: Xternity has announced that it has been successful in securing $4.5 million in investment from prominent investors in the gaming and Web3 field. These investors include NFX, Vgames, Jibe Ventures, Flori Ventures, and Secret Chords. Xternity will use this cash to further develop its platform. The public BETA version of Xternity’s Web3 gaming platform is now available to users. This version includes a large-scale NFT platform, multi-chain API games, a customizable wallet, and more.
While Bitcoin (BTC) was successful in bringing distributed ledger technology (DLT) into the spotlight over the course of the past decade, several other innovative use cases of blockchain have emerged over the course of the past few years, with the gaming and metaverse sector currently occupying the frontline of the fledgling industry in the midst of crippling bear markets.
In the most recent turn of events, Xternity, an Israel-based Web3 gaming metaverse with the goal of constructing a robust ecosystem for player empowerment, has raised $4.5 million through its most recent funding round. Notable players in the Web3 space, such as NFX, Secret Chords, Vgames, and Jibe Ventures, participated in this funding round.
In addition to the successful completion of its fundraising campaign, Xternity has now released the open BETA version of its gaming solution, as stated in a press statement that was sent to crypto.news. The development team has provided hints that the Xternity Beta will include a number of interesting new features for gamers. These features include a multi-chain application programming interface (API), a large-scale network for trading assets (NFT), and a Web3 CRM solution that is already live on leading blockchains such as Polygon, ImmutableX, Solana, and Celo.
In recent years, blockchain gaming has seen a meteoric rise in popularity, and neither the metaverse nor the NFT trend seem to be showing any signs of slowing down just yet.
DappRadar reports that blockchain gaming and metaverse projects together raised an astounding $1.3 billion in the third quarter of 2022.
Xternity was established by Sagi Maman (now serving as CEO) and Shahar Asher (currently serving as CTO) with the objective of assisting game producers in the construction of the Web3 gaming industry of the future by providing players with full digital ownership of their in-game stuff.
Xternity differentiates itself from the competition by developing no-code solutions that are intended to assist game developers in increasing player engagement, particularly among members of the Generation Z demographic. These solutions are designed to help blockchain gaming projects continue to proliferate as each day passes. Xternity is a metalayer that can be inserted fluidly into any game and serves this purpose.
According to Shahar Asher, the Chief Technology Officer of Xternity, the platform enables game creators to work with many blockchains concurrently at scale while yet having a unified experience with their code. While still allowing them to concentrate on their primary objective, developers may also simply integrate NFT assets and game economic layers.