Target Information

Cross The Ages (CTA) is an innovative mobile-first collectible card game that combines elements from seven renowned fantasy and science fiction novels. Set within a dystopian universe, the game allows players to engage both individually and in teams to compete for valuable NFTs, while embarking on quests through the Metaverse to discover hidden 'easter eggs' from the novels. The development team comprises 70 talented artists, many of whom have worked on major franchise titles such as 'Game of Thrones,' 'Star Wars,' 'Lord of the Rings,' and 'Harry Potter.'

CTA has successfully harnessed blockchain technology to provide a comprehensive value cycle for players, transitioning from mobile and desktop gaming to producing physical collectible cards, utilizing near-field communication technology. With a community of over 400,000 members, CTA demonstrates significant potential in the gaming industry.

Industry Overview in the UAE

The UAE has emerged as a vibrant hub for the blockchain and gaming industries, driven by a conducive regulatory environment and an increasing interest in digital assets. With the government actively supporting innovation, numerous startups are leveraging emerging technologies to create disruptive solutions in various sectors, including gaming and finance.

The GameFi segment, which marries gaming and finance through blockchain technology, has seen substantial growth, as players become more engaged in earning digital assets while enjoying gaming experiences. This trend is particularly evident in the UAE, where young demographics are eager to adopt new technologies.

Moreover, the popularity of non-fungible tokens (NFTs) in digital gaming has further galvanized interest, leading to increased investment in GameFi projects. This environment has fostered a technological renaissance, with a growing number of developers creating immersive gaming experiences on blockchain platforms.

As these trends continue, the UAE is poised to maintain its status as a leader in blockchain adoption and innovation within the gaming industry, attracting both local and international investors who are eager to capitalize on the region's growth.

Rationale behind the Deal

Cypher Capital's investment in Cross The Ages aligns with their strategic vision of supporting blockchain and crypto startups with strong market propositions. By backing CTA, Cypher Capital aims to foster the expansion of an innovative GameFi platform that has the potential to reshape the digital gaming landscape.

The funding from this seed investment, amounting to $12 million, will enable CTA to further enhance its platform and retain top talent, thereby positioning itself competitively in the rapidly evolving GameFi space.

Information about the Investor

Cypher Capital is a UAE-based venture capital firm that focuses on crypto, blockchain, and digital asset-related projects globally. The firm has recently announced a substantial $100 million seed fund designated for investing in promising blockchain technology initiatives. Cypher Capital prides itself on a hands-on approach to nurturing startups in their developmental phases, offering mentorship and valuable networking opportunities to foster their growth.

Having contributed significantly to the success of various crypto and blockchain entities like Kilt Protocol and AukiLabs, Cypher Capital is committed to establishing a thriving ecosystem for startups through its plans to open a dedicated 10,000 sq. ft. hub in Dubai's Jumeirah Beach Residence in Q4 2022.

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The investment in Cross The Ages by Cypher Capital is perceived as a strategically wise move, given the growing intersection between gaming and blockchain. CTA's unique proposition—combining immersive gaming with NFT incentives—positions it favorably within the burgeoning GameFi market. As traditional gaming trends shift toward blockchain integration, CTA stands to benefit immensely.

I believe that the successful launch of CTA and its subsequent marketplace for NFTs will likely attract a broad player base, fostering a robust community around the game. Coupled with the expertise and backing of Cypher Capital, CTA is well-poised to navigate challenges and seize opportunities within this dynamic sector.

Additionally, as the UAE continues to champion innovation in tech industries, support from both the government and investors like Cypher Capital further bolsters CTA's chances for sustained growth, enabling it to expand its reach not only regionally but also on a global scale.

In summary, CTA presents a compelling investment opportunity. Given its innovative game design, strategic leadership, and Cypher Capital's backing, there is strong potential for significant returns as the GameFi space continues to evolve.

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