By
Bena Ilyas
June 27th, 2024
The $3.5 million equity funds raised by Cross The Ages come alongside an announcement of its Token Generation Event (TGE).
Multimedia gaming ecosystem Cross The Ages (CTA) today announced a $3.5 million equity fund round. As revealed in a press release shared with Coinspeaker, Animoca Brands led the fund round with support from Sebastien Borget of The Sandbox and Nicolas Jeuffrain of Tenergie.
Cross The Ages Strategies
Cross The Ages said it hopes to accelerate its growth initiatives and develop the CTA universe and ecosystem with the $3.5 million investment. The recent fund follows a $20 million raise in 2022, which included support from industry giants like Ubisoft and Animoca Brands.
Both firms raised $15 million, while an additional $5 million was from the community members. To this day, the multimedia gaming ecosystem has raised $23.5 million in funding.
Cross The Ages CEO and Co-founder expressed excitement for the funding, stating:
“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.”
“Blockchain gaming is an important movement that is 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,” added Yat Siu, co-founder of Animoca Brands.
Cross The Ages is a mobile-first collectible card game that leverages blockchain technology. It offers a full value cycle from mobile gaming to desktop gaming, then finally to physical collectible cards. The ecosystem is built on Polygon with cards represented as Non-Fungible Token (NFT) collectibles. Notably, players have the option to convert these digital cards into physical trading cards.
Cross The Ages has recorded over 450,000 downloads and 148,000 monthly active users since the release of its virtual trading card game in March, 2023. Moreover, the game platform has sold about 35 million digital cards and minted over 3.8 million NFTs. The game also boasts of over 20,000 Daily Active Users (DAUs) and over 125,000 users for the month. Notably, it boasts of about $19 million in company-generated income since June 2022.
Cross The Ages Announce Token Generation Event
The $3.5 million equity funds raised by Cross The Ages come alongside an announcement of its Token Generation Event (TGE). So far, popular crypto exchanges such as KuCoin, Bybit, MEXC, and GATE have listed the token. With this listing, Cross The Ages stands out as a notable player in the gaming ecosystem.
Meanwhile, Animoca Brands said it sold out Season 2 of its Publisher NFT, surpassing market expectations. As reported by Coinspeaker, the firm raked in 538,560 EDU tokens from the sale of 720 Publisher NFT.
As a reminder, the Publisher NFTs were created by TinyTap, Animoca’s subsidiary and edtech platform, and the sale was facilitated by the community-led Web3 education protocol Open Campus.
Animoca emphasized that the amount generated will serve as upfront and even continuous revenue for the 168 educators on the TinyTap platform.