Quick take:

  • The fundraising is being announced alongside the Web3 gaming project’s token generation event.

  • The token will be listed on crypto exchange platforms Bybit, KuCoin, GATE and MEXC.

  • The total raised is now $23.5 million including $15 million raised from investors and a $5 million community round.

Web3 gaming project Cross The Ages (CTA) has completed a $3.5 million equity round led by Animoca Brands. The fundraising also attracted participation from Sebastien Borget of The Sandbox and Nicolas Jeuffrain of Tenergie.

Cross The Ages has now raised $23.5 million in total including a $3 million seed round and a $9 million private round announced in 2022. The company also raised $3 million in a token pre-sale last year and an additional $5 million from the community in February 2024.

This announcement comes alongside CTA’s token generation event and will also see the game’s native token list on crypto exchange platforms Bybit, KuCoin, GATE and MEXC.

The company plans to use the fresh capital to accelerate its growth initiatives as it builds the Cross The AGes universe and ecosystem.

According to the announcement, Since the release of its virtual trading card game in March 2023, CROSS THE AGES has garnered over 400k downloads and 148k monthly active users.

The game has also sold over 35 million digital cards, with more than 3.5 million NFTs minted.

Commenting on the announcement, Sami Chlagou, CEO and Co-founder of Cross The Ages expressed his excitement for having Animoca Brands, one of the leading players in the blockchain gaming industry as its lead investor in its first equity round. 

“This collaboration signifies a shared commitment and a vote of confidence for CTA’s gaming universe to expand the IP amongst Animoca brands ecosystems and partners,” Chlagou said.

On the other hand, Yat Siu, the executive chairman and co-founder of Animoca Brands highlighted the important movement that blockchain gaming is in bringing “true digital ownership to the masses.” 

“Cross The Ages perfectly embodies the values of this movement, enabling users to live experiences in a virtual environment solidly founded upon personal ownership.”

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The post Cross The Ages Secures $3.5M Equity Round Ahead of Token Generation Event appeared first on NFTgators .