Marseille, France, May 15th, 2024, Chainwire
CROSS THE AGES (CTA), a multimedia gaming ecosystem, announced a $3.5 million equity round of funding, led by Animoca Brands. With additional investments from Sebastien Borget of The Sandbox and Nicolas Jeuffrain of Tenergie, this funding round builds upon $15 million raised from investors, totaling $23.5M in funding to date including community fundraising.
The funds raised are being announced alongside the ecosystem’s Token Generation Event (TGE), with exchanges such as Bybit, KuCoin, GATE and MEXC listing the token.
With this strategic investment, CROSS THE AGES is set to accelerate its many growth initiatives and build out the CTA universe and ecosystem. 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.
“We are thrilled to welcome Animoca Brands as the lead investor in our first equity round,” said Sami Chlagou, CEO and Co-founder of CROSS THE AGES. “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” commented Yat Siu, the executive chairman and co-founder of Animoca Brands. “Cross The Ages perfectly embodies the values of this movement, enabling users to live experiences in a virtual environment solidly founded upon personal ownership.”
About CROSS THE AGES
Launched in 2020, CROSS THE AGES (CTA) is a transmedia intellectual property (IP) where futuristic fantasy meets sci-fi epic narrative. Leveraging blockchain technology, the CTA universe sets a new benchmark in innovative gaming, combining free-to-play and play-to-earn. The experiential ecosystem blends the virtual and real worlds, encompassing books, comics, gaming, esports, animation, collectibles, and an underlying gaming investment model to promote the transition to renewable energy in the real world. Already boasting partnerships with industry leaders like Ubisoft and Square Enix, CROSS THE AGES continues to push the boundaries of innovation in gaming and entertainment. For more information visit crosstheages.com/en-us.
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Chief Marketing Officer
Patrick Mercanton
patrick.m@crosstheages.com
Equity funding is the process of raising capital by selling shares of a company. Investors receive ownership stakes in exchange for their investment, which can help companies grow and expand.
A Token Generation Event (TGE) is a fundraising mechanism where a new cryptocurrency or token is created and distributed to investors. It often occurs before the token is listed on exchanges.
Venture capital is a type of private equity financing that is provided to startups and small businesses with high growth potential. Investors provide funds in exchange for equity in the company.
A multimedia gaming ecosystem encompasses various forms of media, such as games, books, and comics, that are interconnected and enhance the overall gaming experience for users.
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