XOCIETY, a AAA third-person shooter game has concluded a $7.5 million pre-Series A funding 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 for a week or more, XOCIETY’s beta test proved successful, and this funding builds on that success. In order to develop 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 in and oversee their own firms and other economic organizations within the game world.
Jeffry Kim, founder of NDUS said:
“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.”
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 & Managing Partner of Hashed, said:
“Our team’s experience is crucial in developing a high-quality, engaging game that stands out in the Web3 space.”
Greg Siourounis, Managing Director of Sui Foundation said:
“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.”