Cypher Capital, a UAE-based venture capital firm, has invested in blockchain GameFi entity, Cross The Ages (CTA), an immersive metaverse gaming platform utilizing NFTs and tokenomics.
CTA, a Singapore-based startup built on the Polygon platform, received $12 million in seed funding. The fund will be used to develop the game’s eponymous platform and retain talent on board.
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.
The team includes 70 artists who have worked on major titles such as Game of Thrones, Star Wars, Lord of the Rings and Harry Potter. Players compete individually and in teams for NFTs and have the option of converting digital cards into physical copies.
Bijan Alizadeh Founder & General Partner Cypher Capital
“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 that have a presence in the Middle East region. We are confident that Cross The Ages will make waves in the GameFi metaverse domain and will further develop the blockchain ecosystem globally.”
Cross the Ages Chief Executive Officer, Mr. Sami Chlagou, commented that “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. 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.”
The game also offers NFTs issued on the Polygon blockchain, in addition to centralized digital cards on mobile. Meanwhile, players can buy, sell, trade, and stake assets earned through gameplay in an in-game NFT marketplace.
The beta version of the CTA game will launch in late June 2022, with exclusive access for whitelisted players. CTA will then debut its in-game NFT marketplace and decentralized finance (DeFi) suite, which will also give users access to farming, pooling and bonding.
