Xternity Raises $4.5 Million, With A Beta Launch in Tow

Xternity, a WEB3 gaming platform, has announced its Beta launch along with news of $4.5 million in funding. Companies like Jibe Ventures and Flori Ventures as well as Secret Chords, Vgames, and NFX are among the notable backers. In order to help game producers increase user engagement, Xternity is focusing on creating no-code solutions, especially for GenZ players. This is in an effort to help minimize development costs at a time when the blockchain industry is facing a myriad of challenges stemming from the long market downturn.

Xternity and its approach to Web3 gaming

Xternity’s CEO, Sagi Maman, and CTO, Shahar Asher, are all seasoned professionals in the gaming, technology, and e-commerce fields. The team’s goal is to simplify the process of implementing web3 and metaverse-based interaction solutions for builders and brands’ communities, and gamers.

Xternity functions as a meta layer that can be added to any game without causing any noticeable performance issues. With its focus on accessibility, security, and scalability in Web3, the company hopes to spur the widespread adoption of the platform. This platform provides a uniform coding environment for game developers to work with multiple blockchains in parallel.

It also allows designers to focus on the game’s core purpose while incorporating NFT assets and game economics layers. In order to create the best web3 ecosystem for games, the founders are combining their expertise in game monetization and scalable platforms. They were able to successfully port web2 games to web3 by capitalizing on the fact that game makers require scalable infrastructures and long-term economic models.

The open BETA of the platform is out, and it will allow developers of games access to the platform’s Multi Chain API, Embedded and customizable wallet, and NFT platform at scale. In addition, it includes a Web3 customer relationship management solution that integrates with popular blockchains, including Polygon, ImmutableX, Solana, and Celo.