Dubai-based technology venture firm, Scalo Technologies, has led a $3.5 million financial investment round for Hexa core, a mobile video game author specializing in crossbreed mobile web3 games.

The funding, additionally supported by Xsolla, Estoty, as well as other angel capitalists, will fuel the expansion of Hexacore’s seasoned team, recognized for developing games that have garnered over 350 million downloads. Notable titles consist of Sushi Roll, Blend It 3D as well as Combine Animals.

The financial investment, announced on Tuesday, will certainly also drive further advancement of Hexacore’s ingenious mobile video games with hybrid money making, consisting of In-App Acquisitions, NFT Collectables, and also awarded advertisements.

Abdu Malik Mirakhmedov, director and also founder of Scalo Technologies, stated: “Hexacore’s groundbreaking method to web3 gaming perfectly aligns with our financial investment viewpoint. We securely believe that the firm has the possible to become a significant player in the web3 gaming industry, based on its ability to change just how gamers interact with in-game assets, gaining from a crossbreed monetization model.”

Rashit Makhat, fellow supervisor and founder at Scalo Technologies, claimed: “With the brand-new investment, Hexacore can currently bring its video games to the broader web3 gaming community, making use of the scaling capacity of traditional video gaming audiences, and providing a smooth onboarding procedure for a new team of players.”

Scalo Technologies is recognized for backing cutting-edge and also disruptive startups in the modern technology industry, as well as the investment in Hexacore highlights its commitment to progressing the web3 ecosystem. Hexacore’s products in the pipeline have terrific possible to scale amongst standard free-to-play pc gaming target markets, supplying a smooth onboarding experience right into the world of web3.

“We utilize block chain modern technology to provide players a brand-new degree of ownership as well as control over their in-game properties,” claimed Mikita Khazau, co-founder and chief executive officer of Hexacore. “Web3 technology allows individuals to possess and trade video gaming properties. Nevertheless, the capability to accomplish interoperability across numerous games lies in the hands of video game designers. We are relocating down this course.”

Hexacore co-founder Aleksandra Krivolap stated: “We are delighted to obtain this seed-round investment from Scalo Technologies, as well as various other top-level video gaming and also block chain investors, which will certainly enable us to increase the development as well as posting of our front runner product, ‘Pocket Room, and various other video games that will certainly be introduced later on. Furthermore, it will aid us bring our vision for web3 gaming to life, broaden our skilled group, and even more invest in the development as well as marketing essential to support growth.” Hexacore’s other two founders are Dzianis Krupski and also Yuri Zaytsev.

Establish in Singapore in 2020, Scalo picked to base its procedures in Dubai in view of the emirate’s high degree of company activity, an expanding economic climate, as well as strong government efforts to draw in entrepreneurs and also professionals from across the globe.