Xternity, a Web3 platform for gaming, has today revealed its open Beta launch and announced that it has raised $4.5 million. Notable investors from the gaming and web3 industries are participating in the venture. There are companies such as Jibe Ventures, Flori Ventures, Secret Chords, Vgames, and NFX among others. Xternity was established by Sagi Maman (now serving as CEO) and Shahar Asher (currently serving as CTO) with the goal of assisting game developers in developing the gaming industry of the future by providing gamers with actual digital ownership.
The goal of the Xternity project is to develop an all-encompassing ecosystem on Web3 in order to promote player empowerment. Xternity was established by seasoned professionals from the gaming, technology, and online retail industries with a single objective in mind: to offer developers and brands next-generation engagement solutions that harness Web3 and Metaverse for the benefit of their communities and players without the need for complicated infrastructure.
Boosting Web3 Adoption By Web2 Games
A Web3 revolution is currently taking place in the gaming sector, and it has already reached more significant levels. While the ecosystem sees the release of additional infrastructures and adoption tools, Xternity is concentrating on developing no-code solutions that will assist game producers in increasing player engagement, particularly among GenZ. Xternity functions as a meta layer that can be integrated into any game without any noticeable latency.
Xternity has also announced the launch of its open Beta, which will provide games with a multi-chain API, embedded and customized wallet, NFT platform at scale, and Web3 CRM tool. These features are already connected with several of the leading blockchain networks, including Polygon, ImmutableX, Solana, and Celo.
Sagi, the CEO, and Ex-Playtika said: “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.”
On the technological side, the Xternity platform allows game developers to work with multiple blockchains concurrently at scale while maintaining a uniform coding experience. Additionally, game developers are able to incorporate NFT assets and game economy levels while continuing their central objective.
Making Blockchain Games Simple & Safe At Scale
Xternity is hard at work developing top-tier tools for the developers of Web3 games. In order to extract the most value from Web3, the products of this startup combine several facets of monetization and user-generated content, as well as blockchain analytics and the Web3 software development kit (SDK).
Gigi Levy Weiss, General Partner at NFX, said: “Xternity’s founders are utilizing their unique perspectives of both game monetization and scalable platforms to build the ultimate Web3 ecosystem for games. By understanding game developers’ need for scalable infrastructures and sustainable economic models, they were able to create a seamless solution that safely onboards Web2 games to Web3, and the current framework is just the first milestone”.
Developers who develop and manage their NFT collections on Polygon, Solana, ImmutableX, Binance Smart Chain, and Celo by utilizing Xternity’s uniform and straightforward REST API. In addition, Xternity’s platform equips game developers with a protected (MPC-based), completely customizable NFT wallet. This wallet offers game players an engaging experience and built-in support for NFTs.
There is also a Web3 Dashboard that players can use to manage their wallets and enable quick onboarding based on on-chain KPIs. This dashboard has real-time hybrid analytics and an integrated CRM tool. To help cryptocurrency users and traders, developers may also quickly create their own NFT stores with just a few clicks of the mouse and facilitate credit card payments.
