Scalo Technologies leads $3.5mln funding for Web3 mobile games publisher
Summary
Dubai, UAE: Dubai-based tech venture company, Scalo Technologies, has led a US$3.5 million investment round for Hexacore, a mobile game publisher specialising in hybrid mobile web3 games.The funding, also supported by Xsolla, Estoty, and other angel investors, will fuel the expansion of Hexacores experienced team, known for creating games that have garnered over 350 million downloads. "We leverage blockchain technology to offer gamers a new level of ownership and control over their in-game assets, said Mikita Khazau, co-founder and CEO of Hexacore. Hexacores other two co-founders are Dzianis Krupski and Yuri Zaytsev.Set up in Singapore in 2020, Scalo chose to base its operations in Dubai in view of the emirates high level of business activity, a growing economy, and strong government initiatives to attract entrepreneurs and professionals from across the globe.Its portfolio of investments include Voctiv, a conversational AI company, Noah, a money app for saving, spending, and earning Bitcoin, and Megarender.com, an online cloud render farm.Scalo Technologies is a Dubai-based tech venture company committed to supporting innovative and disruptive startups. The companys goal is to bridge the gap between web2 and web3 game space providing players with a seamless experience and enabling web2 game studios to easily integrate blockchain technologies into their games.This integration includes features such as seamless, embeddable wallets, NFT minting and selling, payment rails, and other services specifically designed for blockchain token economies and the management of digital assets.Hexacore collaborates closely with developers and blockchain partners to create a sustainable ecosystem for the growth of web3 games, providing all the necessary resources for developers to reach their full potential and bring their innovative ideas to life.With its diverse range of products and a focus on large-scale adoption, Hexacore aims to bridge the gap between traditional gaming audiences and the web3 world. By providing a seamless onboarding experience, the company is poised to attract and educate a new generation of gamers, introducing them to the benefits and opportunities of decentralized gaming.Hexacores commitment to innovation and scalable solutions will undoubtedly contribute to its success as a leading player in the web3 gaming market.For further press information please contact: Tony Lewis / Narayan Marar Total Communications Email: tony@totalcompr.ae / narayan@totalcompr.ae