Xternity Secures $4.5 Million In A Funding Round Led By NFX

Twitter icon  •  Published 4 महीने पहले  •  Nikolas Sargeant

Xternity has raised $4.5 million in a funding round led by NFX in a bid to encourage web3 adoption by web2 games.

Xternity, a WEB3 platform for games, has announced that it has secured $4.5 million in a funding round. According to the development team, the investment round was led by notable gaming and web3 investors, including; Jibe Ventures, Flori Ventures, Secret Chords, Vgames, and NFX 

Xternity was co-founded by Sagi Maman (CEO) and Shahar Asher (CTO) with the mission to support game creators in building the future of gaming by empowering players with true digital ownership.

According to the press release shared with Cryptowisser, Xternity added that it had also launched its open BETA. The team explained that the open BETA provides games with Multi Chain API, Embedded and customized wallet, NFT platform at scale, and Web3 CRM tool, which is already integrated with leading blockchain networks, including Polygon, ImmutableX, Solana, and Celo.

Xternity added that the gaming industry is undergoing a web3 revolution that is already in its advanced stages. However, while an increasing number of infrastructures and adoption tools are released to the ecosystem, Xternity is focusing on building no-code solutions that help game developers boost players' engagement, especially among GenZ. Xternity works as a meta layer that can be added seamlessly to any game.

Sagi, the CEO, and Ex-Playtika stated that;

“Xternity continuously strives to define and build a long-term solution with valuable utility for the user. We believe that mass adoption of Web3 is possible only with simple, safe, and scalable technology built upon a sustainable engagement economy.”   

The CTO Shahar added that

“Xternity platform enables game developers to work with many blockchains simultaneously at scale while having a unified code experience, they also can add NFT assets, and game economy layers while focusing on their core mission.” 

 Gigi Levy Weiss, General Partner at NFX, also commented that;

"Xternity’s founders are utilizing their unique perspectives of both game monetization and scalable platforms to build the ultimate web3 ecosystem for games. By understanding game developers' need for scalable infrastructures and sustainable economic models, they were able to create a seamless solution that safely onboards web2 games to web3, and the current framework is just the first milestone".

The Xternity mission is to build a comprehensive ecosystem for player empowerment on web3. Xternity was founded by veterans of the gaming, tech, and eCommerce industries with a singular vision: provide builders and brands with next-gen engagement tools that leverage web3 and metaverse for their communities and players without the complicated overhead.


Nikolas Sargeant

Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.

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