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XOCIETY Secures $7.5 Million to Revolutionize Web3 Gaming

Web3 gaming company XOCIETY raises $7.5 million in pre-Series A funding, focusing on sustainable player engagement and innovative technology enhancements.
Published on 2024-06-06

XOCIETY's Successful Funding Round

Web3 gaming company XOCIETY has successfully closed a $7.5 million pre-Series A funding round. This significant financial boost is set to expand the company's operations and enhance its technology stack. The funding was led by Hashed and the Sui Foundation, with contributions from gaming specialists such as Spartan, Neoclassic, Bigbrain Holdings, and KRAFTON.

The Rise of Web3 Gaming Investment

While top Web3 gaming startups typically dominate the headlines, a steady flow of investment is directed towards various games and developer studios. This trend reflects the growing interest in integrating gaming with Web3 technologies, as demonstrated by XOCIETY’s recent funding achievement.

XOCIETY's Unique Gaming Platform

XOCIETY is a pioneering AAA MMOTPS metaverse gaming platform. It uniquely combines online third-person shooting with a creator economy, setting it apart in the Web3 gaming landscape. Following the launch of its beta testing phase, XOCIETY attracted over 3,000 users from 76 countries, generating more than 11,000 hours of playtime and achieving a retention rate of over 77% for a week or more.

Innovative Game Features

Developed by Team NDUs, the game integrates RPG mechanics and introduces a new reward system emphasizing player engagement and skill. A distinctive feature of XOCIETY is its in-game corporation system, allowing players to own shares and manage economic entities within the game. This approach aims to create a sustainable player engagement model, moving away from short-lived earning models prevalent in some Web3 games.

Experienced Development Team

XOCIETY’s development team comprises industry veterans, including Myoungjin Lee and Sang Chung, who bring invaluable experience to the project. Their expertise is pivotal in crafting a high-quality, engaging game that aims to stand out in the Web3 space.

Strategic Partnership with Sui

The partnership with Sui Foundation enhances XOCIETY's capabilities. Sui’s high throughput, instant settlement speeds, and dynamic on-chain assets enable players to experience the full potential of Web3-powered gaming. This collaboration promises to deliver an unprecedented gaming experience that leverages the best of traditional and Web3 gaming elements.

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