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Blockchain game CROSS THE AGES secures $3.5 million in fresh funding

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“Cross the Ages” (CTA), a free-to-play game featuring digital trading cards as non-fungible tokens (NFTs), disclosed that it has secured $3.5 million in equity funding from investors, led by game-focused crypto investment firm Animoca Brands. This funding will be allocated towards development, talent retention, and go-to-market strategies.

The investment round also included contributions from notable investors like Sebastien Borget of The Sandbox and Nicolas Jeuffrain of Tenergie. Coupled with previous investments and community fundraising efforts, CTA has amassed a total of $23.5 million.

Blockchain gaming is rapidly gaining traction within the crypto industry, seen as a catalyst for attracting a broader user base. “Cross the Ages” stands out as a mobile-first collectible card game set in a dystopian future, drawing inspiration from a series of freely accessible novels. Players can engage in solo or team-based competitions to win NFTs and even convert their digital cards into physical copies.

The timing of the recent funding aligns with the ecosystem’s Token Generation Event (TGE), with several exchanges slated to list the CTA token, including Bybit, KuCoin, GATE, and MEXC.

Since its launch in March 2023, CROSS THE AGES claims to have garnered over 400,000 downloads and boasts 148,000 monthly active users.

CEO and Co-founder Sami Chlagou expressed excitement about Animoca Brands’ lead investment, highlighting their shared commitment to expanding CTA’s gaming universe across various ecosystems and partners. Chlagou, who also owns game producer Pixel Heart, brings a wealth of experience in the gaming industry.

Yat Siu, executive chairman and co-founder of Animoca Brands, emphasized the significance of blockchain gaming in democratizing digital ownership. He praised CTA for embodying the values of this movement and offering users immersive experiences grounded in personal ownership.

Launched in 2020, CROSS THE AGES utilizes blockchain technology to fuse futuristic fantasy with a compelling sci-fi narrative. The CTA universe embraces both free-to-play and play-to-earn models, integrating various forms of media such as books, comics, gaming, esports, animation, and collectibles. Additionally, CTA promotes a gaming investment model aimed at facilitating the transition to renewable energy in the real world.

Source: investing.com

The post Blockchain game CROSS THE AGES secures $3.5 million in fresh funding appeared first on HIPTHER Alerts.

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Blockchain

Move and earn leader STEPN drops new app and gaming token

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FSL, the global gaming and development studio behind web3 lifestyle app STEPN, NFT marketplace MOOAR, and social-strategy game Gas Hero, has officially announced the launch of STEPN GO. The new product is a social lifestyle app that rewards your daily movement and social interactions. Today marks an exciting milestone with the release of the STEPN GO Whitepaper and Tokenomic model. The game introduces a new token, GO GAME TOKEN (GGT), which users can earn by walking, jogging, and running with digital NFT Sneakers. There will also be a PvP game feature that allows users to earn GMT, the FSL Ecosystem token.

The original STEPN app was launched in 2021 and remains the world’s leading ‘Move and Earn’ application, pioneering the genre of gamified web3 fitness applications. With over 5.6 million registered users and over 1 million Sneaker NFTs owned by players, STEPN achieved monumental success, acquiring a global community. STEPN has partnered with prolific brands over the years including ASICS, Steve Aoki, and most recently adidas. STEPN was also the first blockchain gaming app to integrate Apple Pay, creating a seamless onboarding experience for web2 native users.

Yawn Rong, Co-Founder of FSL commented, “The STEPN community has been requesting social features within the app since the early days of STEPN. Therefore, we’re so excited to reveal these new features, which will propel STEPN GO into mainstream adoption. In addition to the Haus Mechanism and Interactive Map, we will also implement PvP elements within the app. Community is at the heart of everything we do at FSL, and we are ecstatic to announce this monumental milestone today, reinforcing our commitment to empowering and engaging our users.”

Building on the success of STEPN, FSL has designed unique social features within STEPN GO. The first key social element is the ‘Haus System’, which is a lending system that allows users to share their Sneaker NFTs with friends and family members who are new to the app, and split their earnings. This system will enable easy onboarding for new users to enjoy the app and kickstart their fitness journey. Another unique feature will be the ‘Interactive Map’, which will allow users to see other players’ avatars and even add them as friends within the platform. This Interactive Map will also allow users to drop messages that can be found by other players out doing STEPN GO runs.

Jerry Huang, Co-Founder of FSL added, “With STEPN GO, anyone can onboard their friends and family to web3 without needing to create a wallet or even buy NFTs. Exercise will be more fun and rewarding. We will combine fitness with many enjoyable experiences, including having your own customizable avatars with unique outfits!”

The Alpha Version of STEPN GO is set to launch by Q3 2024 with a Sneaker NFT Alpha Prize Draw lasting one month. A total of 3,000 Sneaker NFTs will be distributed within the app. To enter, users will be required to lock GMT. Access to the Alpha Prize Draw will be limited to FSL ID users, ensuring the most loyal FSL community members are rewarded. An additional 2,000 Sneakers will also be given away via the STEPN X account and STEPN GO Discord. Make sure to follow STEPN on X for your chance to win a Sneaker and gain early access.

The post Move and earn leader STEPN drops new app and gaming token appeared first on HIPTHER Alerts.

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Blockchain

CBiGroup Completes $15M Series A Funding, Focuses on R&D

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CBiGroup Completes $15M Series A Funding, Focuses on R&D

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Blockchain

Correction: CBiGroup Completes $15M Series A Funding, Focuses on R&D

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CBiGroup Completes $15M Series A Funding, Focuses on R&D

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