Over the past months, the famous company Facebook’s renaming of Meta and its entry into the metaverse space paved the way for the rise of the metaverse. Virtual worlds have also revolutionized the field of crypto money, and many popular projects have emerged. Among them are projects such as The Sandbox (SAND), Decentraland (MANA). However, companies go beyond these coins and invest in different studies. For example, Cypher Capital has invested in Cross The Ages (CTA).
not SAND, this project received investment
Cypher Capital, a UAE-based venture capital firm, today Cross The Ages, an immersive metaverse gaming platform using NFTs and tokenomics, an immersive metaverse gaming platform (CTA) announced its investment. Singapore-based Cross The Ages, built on the Polygon (MATIC) platform, has raised $12 million in a seed funding round. The funding will be used to further develop the game’s eponymous platform and retain talent. Cross the Ages CEO, Sami Chlagou, owner of Pixel Heart, the game company that produces more than 50 games for platforms such as Nintendo, Xbox and PlayStation, used the following statements on the subject:
When we developed Cross The Ages, the driving force One of the factors was to increase the adoption of Blockchain technology using an immersive metaverse gaming experience promoted by non-fungiable tokens (NFTs). At Cypher Capital, we found similar spirits advocating and purposeful for the growth of the Blockchain ecosystem. Their goal is not just to invest, but to spread the passion for blockchain and crypto and their adoption and education.
Cypher Capital, known for its crypto fund
As we have also reported on Kriptokoin.com, this investment is part of Cypher Capital’s fund in the crypto space. Cypher Capital launched one of the largest seed funds in the MENA region (Middle East and North African countries) in late March. The $100 million fund targets DeFi, GameFi and metaverse projects. The UAE-based company focuses on taking a holistic approach to building an ecosystem for blockchain-related projects to succeed.
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