Cypher Capital, the UAE-based VC firm, announced that it has invested in an immersive metaverse gaming platform, “Cross The Ages,” utilizing NFTs and GameFi tokenomics. It is poised to launch its in-game NFT marketplace and DeFi suite, which give users access to farming, pooling, and bonding.
Built on the Polygon platform, Singapore-based Cross The Ages (CTA) received investments of $12 million in its seed funding round. The funding will be utilized to further develop the game’s eponymous platform and retain talent, a press release said.
“We are proud that we have invested in Cross The Ages. This investment is in line with our goals of supporting blockchain crypto start-ups that have a strong value proposition in the blockchain, GameFi, and DeFi areas and who have a presence in the Middle East region,” stated Bijan Alizadeh, co-founder, and partner of Cypher Capital. “We are confident that Cross The Ages will make waves in the GameFi metaverse domain and will further develop the blockchain ecosystem globally,” he explained.
Cross The Ages Universe is a digital collectible card game set in a dystopian clash of worlds, based on seven fantasy and science fiction novels from leading authors. Players compete individually and in teams for NFTs and have the option of converting digital cards into physical copies.
“When we developed Cross The Ages, one of the driving factors was to increase the adoption of blockchain technology using an immersive metaverse gaming experience incentivized with NFTs,” commented Sami Chlagou, Cross the Ages CEO, and the owner of game company Pixel Heart, which has produced more than 50 games for platforms such as Nintendo, Xbox, and PlayStation.
“We found kindred spirits in Cypher Capital who are advocating the growth of the blockchain ecosystem and whose goal is not simply to invest but to spread the passion for blockchain and crypto and its adoption and education,” he added.
Aside from centralized digital cards on mobile, the game offers NFTs issued on the Polygon blockchain. Meanwhile, an in-game NFT marketplace allows players to buy, sell, trade, and stake assets attained through gameplay.
The developer team includes 70 artists who have worked on major titles such as “Game of Thrones,” “Star Wars,” “Lord of the Rings” and “Harry Potter.”
The beta version of the CTA game is set to be launched in June 2022, with exclusive access for whitelisted players. CTA will then debut its in-game NFT marketplace and DeFi suite, which will also give users access to farming, pooling, and bonding.