Cross the Ages Launches CTA Token and Secures New Funding

Cross the Ages, a competitive trading card game that integrates NFTs on the Ethereum scaling network Immutable X, announced the launch of its CTA token on Wednesday. This significant development was coupled with news of a successful $3.5 million equity funding round, elevating the gaming studio’s total capital raised to $23.5 million, including previous investments and community fundraising efforts.

The recent funding round was led by cryptocurrency investment heavyweight Animoca Brands, with additional contributions from notable figures such as Sebastien Borget, co-founder of The Sandbox, and Nicolas Jeuffrain, co-founder of renewable energy company Tenergie.

“We are thrilled to welcome Animoca Brands as the lead investor in our first equity round,” expressed Sami Chlagou, co-founder and CEO of Cross the Ages, in a press release. “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.”

The CTA token is now trading on prominent exchanges like Bybit and KuCoin. Despite a slight downturn on the day, with a current price of about $0.29—a decrease of 8% according to CoinGecko—the token reached a peak of just over $0.37 earlier in the day.

Cross the Ages has garnered support from industry heavyweights such as Ubisoft, the maker of Assassin’s Creed, and Square Enix, the creator of Final Fantasy. Both firms have invested in the studio, and earlier this year, Ubisoft furthered its collaboration by incorporating its Watch Dogs franchise into Cross the Ages through an NFT expansion pack.

“Blockchain gaming is an important movement that is bringing true digital ownership to the masses,” commented Yat Siu, co-founder and Executive Chairman 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.”

The launch of the CTA token and the new funding round highlight Cross the Ages’ growing influence in the blockchain gaming sector. With the backing of major players in both the gaming and crypto industries, Cross the Ages is poised to expand its digital universe, further bridging the gap between traditional gaming and blockchain technology.