Ethereum-Based Cross the Ages Debuts CTA Token, Raises $3.5 Million
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Cross the Ages, a blockchain-powered trading card game on Ethereum’s Immutable X, recently introduced its CTA token along with announcing a new round of funding for its studio.
Animoca Brands, a major crypto investment entity, led the $3.5 million equity financing round. Other notable contributors to the round include, Sebastien Borget, co-founder of The Sandbox, and Nicolas Jeuffrain, co-founder of Tenergie, a renewable energy enterprise.
The Token Experienced An 8% Decrease In Price
The company has now secured a total of $23.5 million through community fundraising and previous investment.
The Co-founder and Chief Executive officer of Cross the Ages, Sami Chlagou, stated that the company is happy to have Animoca Brands as the main investor in its first equity round. He added that the partnership shows a shared dedication and trust in CTA’s gaming world to broaden the IP within Animoca Brands’ partners and ecosystems.
The CTA token on Ethereum is currently available via exchanges like KuCoin and Bybit. With a current price of approximately $0.29, the token has experienced an 8% decrease today according to reports, having peaked just over $0.37 earlier on Wednesday.
As per an announcement on Ubisoft’s official Discord server, players started buying those in-game cards starting from April 3. However, no further details have been provided.
Ubisoft Aims To Expand Its Big-Budget Video Game Series
Ubisoft plans to bring another one of its big-budget video game series into the cryptocurrency realm by teaming up with Cross the Ages. This collaboration will unveil in-game cards similar to the Watch Dogs franchise.
Cross the Ages received significant support from well-known video game companies such as Square Enix, the maker of Final Fantasy and Ubisoft, the creator of Assassin’s Creed. Both companies previously invested in the studio, and Ubisoft partnered with the game earlier this year by introducing its Watch Dogs franchise to Cross the Ages through an NFT expansion pack.
Yat Siu, Animoca Brands Co-founder and Executive Chairman, stated in a press release that blockchain gaming is a significant trend that is giving real digital ownership to many people. Cross the Ages perfectly represents the principles of this trend, allowing users to dive into adventures in a virtual world firmly based on personal ownership.
Cross the Ages presents a full value journey covering mobile gaming to PC gaming, utilizing blockchain technology and tangible collectible cards that uses NFC technology.
