Million

Foundation

Partner

<a href="https://xociety.io/" target="_blank" rel="noopener noreferrer nofollow">XOCIETY</a>, a AAA third-person shooter game&nbsp;has concluded a $7.5 million pre-Series A funding&nbsp;round with success. Hashed and the Sui Foundation lead the round, while other well-known players including Spartan, Neoclassic, Bigbrain Holdings, and KRAFTON contributed as well.
With over 3000 users from 76 countries, over 11,000 hours of playtime, and over 77% of players retained&nbsp;for a week or more, XOCIETY’s beta test proved successful, and this funding&nbsp;builds on that success. In order to develop&nbsp;XOCIETY, Team NDUs is fusing RPG elements with a fresh incentive structure that highlights player skill and participation. With the introduction of the in-game corporation system, users may now own shares&nbsp;in and oversee their own firms&nbsp;and other economic organizations within the game&nbsp;world.
Jeffry Kim, founder of NDUS said:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “We are focusing on creating a sustainable player engagement model, moving away from the short-lived earning models seen in some Web3 games. This investment will help us blend the best aspects of traditional gaming with the possibilities of Web3.”
</blockquote>
Industry veterans like Myoungjin Lee, well known for his work on Ragnarok, and Sang Chung, the former Head of PlayDapp, are developing the game. They have a track record of creating captivating commercial-level gaming services.
Simon Kim, CEO &amp; Managing Partner of Hashed, said:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “Our team’s experience is crucial in developing a high-quality, engaging game that stands out in the Web3 space.”
</blockquote>
Greg Siourounis, Managing Director of Sui Foundation said:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “XOCIETY is a natural partner for Sui. Thanks to Sui’s high throughput, instant settlement speeds, dynamic on-chain assets, players will be able to experience the best of what gaming powered by web3 has to offer.”
</blockquote>

XOCIETY Secures $7.5 Million Investment to Develop New Innovative AAA Game

TheNewsCrypto

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