Seoul – XOCIETY, the AAA third-person shooter game, has successfully raised $7.5 million in a pre-Series A funding round. The round was spearheaded by Hashed and the Sui Foundation, with additional investments from notable gaming entities such as Spartan, Neoclassic, Bigbrain Holdings, and KRAFTON.
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The funding round capitalizes on the momentum generated by XOCIETY’s beta testing phase, which attracted over 3,000 users from 76 countries. The beta phase recorded more than 11,000 hours of gameplay and achieved a player retention rate of over 77% for a week or more.
Developed by Team NDUs, XOCIETY merges RPG elements with a novel reward system that prioritizes player engagement and skill. A unique in-game corporation system allows players to own shares and manage their own companies within the game world.
“Our focus is 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.”
Jeffry Kim, Founder of NDUS
XOCIETY boasts a development team of industry veterans with a track record of creating engaging, commercial-level gaming services. The team includes Myoungjin Lee, renowned for his work on Ragnarok, and Sang Chung, former Head of PlayDapp.
“Our team’s experience is crucial in developing a high-quality, engaging game that stands out in the Web3 space,” commented Simon Kim, CEO & Managing Partner of Hashed.
Leveraging Sui’s Advanced Capabilities
“XOCIETY is a natural partner for Sui,” said Greg Siourounis, Managing Director of Sui Foundation. “With Sui’s high throughput, instant settlement speeds, and dynamic on-chain assets, players will be able to experience the best of what Web3-powered gaming has to offer.”
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About XOCIETY
XOCIETY is an AAA game that combines PvP and PvE elements with RPG mechanics, aiming to innovate within the Web 3.0 gaming era. The game emphasizes player experience, allowing FPS players to gain economic control and transform into key economic agents within the game. Unlike traditional FPS games, where individual actions have minimal impact on the broader game environment, decisions in XOCIETY create dynamic ripple effects throughout gameplay and the environment.
