<p class=”MsoNormal”>Web3 gaming startup Xternity has just raised $4.5 million in a pre-seed funding round. The company is building infrastructure that Web2 game developers can use to integrate blockchain functions into their games. </p><p class=”MsoNormal”>Alongside the raise, Xternity has just launched several of its products in open beta. Among other Web3 tools, game developers can access a multi-blockchain API and embedded crypto wallets. </p><p>Taking Web3 to the gamers</p><p class=”MsoNormal text-align-start”>Many native Web3 games lack a killer ingredient — fun. All too often, GameFi titles make the entire gameplay about the monetization elements and forget about just about everything else. In terms of daily active users, crypto games fall <a href=”https://www.footprint.network/@0xAlina/GameFi-Daily-Active-Users?date=past30days” target=”_blank”>way short</a> of their mainstream counterparts. </p><p class=”MsoNormal”>Xternity is a startup that thinks crypto gaming would be better by bringing tokenization to good games made by experienced teams. Their solution is a no-code platform that enables traditional game developers to add NFTs, crypto wallets and other blockchain-related integrations to their games. </p><p class=”MsoNormal”>A recent press release revealed that the startup has just received $4.5 million in pre-seed funding and released its open beta. Among the investors were notable names from the Web3 and gaming niches, including Jibe Ventures, Flori Ventures, Secret Chords, Vgames, and NFX.</p><p class=”MsoNormal”>Commenting on the company’s aims, Sagi Maman, Xternity’s CEO, said: </p><p class=”MsoNormal”>”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.”</p><p class=”MsoNormal”>Meanwhile, Gigi Levy Weiss, a General Partner at Xternity investor NFX, commented on the firm’s vision: </p><p class=”MsoNormal”>”By understanding game developers’ need for scalable infrastructures and sustainable economic models, [Xternity’s founders] were able to create a seamless solution that safely onboards web2 games to web3, and the current framework is just the first milestone.”</p><p>Supercharging AAA games with Web3</p><p class=”MsoNormal text-align-start”>Web3 enables digital asset ownership that previously wasn’t possible. There’s plenty of evidence that gamers understand that strictly digital items can hold value — expensive World of Warcraft items are just one <a href=”https://odealo.com/articles/the-most-expensive-items-in-wow-classic” target=”_blank”>example</a>. </p><p class=”MsoNormal”>Given the trend toward customization of avatars seen in titles like Fortnite, it can’t be long before mainstream gamers start demanding more interoperable in-game items. Xternity provides a meta-layer that developers can use with any game, adding a range of blockchain-enabled features. Examples released as part of the project’s open beta are a multi-chain API; a customizable and embedded wallet; an NFT platform; and a Web3 CRM tool. </p><p class=”MsoNormal”>Shahar Asher, the company’s CTO, commented on Xternity’s technology and the possibilities it enables:</p><p class=”MsoNormal”>”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.”</p>
This article was written by Finance Magnates Staff at www.financemagnates.com.
