Blockchain Gaming Firm Cross The Ages Gets $12M From Ubisoft, Polygon
The NFT blockchain-based game has attracted a large pool of talent, including 70 artists from well-known titles such as Star Wars and Game of Thrones
Source: Cross The Ages
key takeaways
- Blockchain developer Cross The Ages said it will use the funding to further develop its eponymous platform and retain talent
- Funding came from major software publisher Ubisoft crypto gaming unicorn Animoca Brands, among others
Blockchain gaming developer Cross The Ages (CTA) said Monday it had scooped up $12 million in a seed funding round that included some of the industry’s heavy hitters.
Cross The Ages’ “free-to-play-and-earn” metaverse gaming platform saw funding from the likes of Ubisoft and Animoca Brands. Sebastien Borget, co-founder and chief operating officer of The Sandbox, as well as Polygon — the blockchain network that the game is based on — also participated in the round.
Funding will be used to further the game’s development, retain talent and drive its go-to-market activities, according to a statement. The game has garnered a social community exceeding 380,000.
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 firm itself has a growing team of 140, including 70 artists who have worked on major titles such as “Game of Thrones,” “Star Wars,” “Lord of the Rings” and “Harry Potter.”
Blockchain gaming is still in its infancy, and digital card games rub up against popular franchises including Blizzard’s Hearthstone and Wizard of the Coast’s Magic the Gathering: Arena.
“Since their creation, collectible cards have been cardboard, paper or even plastic at times, yet they have always been represented as a physical medium,” CTA CEO Sami Chlagou said. “The advent of NFTs makes it possible to collect cards in a digital format, so CTA will deliver this for users, while also giving them the opportunity to hold a physical version.”
Not all gamers are convinced of the technology underpinning the free-to-play model, though. A report by PC Gamer on Wednesday said that players of free-to-play auto battler Storybook Brawl are calling for it to be booted off Steam following FTX.US’s acquisition of that game’s developer last week.
Still, CTA said players would be able to “commodify” their digital assets in the form of non-fungible tokens (NFTs) via the platform’s in-game economy while providing users with the option to lease, trade and sell them or convert them to physical cards.
The game is expected to launch to the public in June following testing in March and early access to select users in May, according to its roadmap.
Get the news in your inbox. Explore Blockworks newsletters:
- Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
- Empire: Start your morning with the top news and analysis to inform your day in crypto.
- Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
- 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
- Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
- The Drop: For crypto collectors and traders, covering apps, games, memes and more.
- Supply Shock: Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.
