Overworld Secures $10M Seed Funding for Cross-Platform ARPG Development

In order to boost development of a multiplayer role-playing game broadened with digital collectibles, Overworld, a game studio that creates high-quality, cross-platform multiplayer role-playing games, concluded a $10 million seed round led by Hashed alongside The Spartan Group, Sanctor Capital, and Galaxy Interactive. Hashkey, Big Brain Holdings, and Foresight Ventures also made notable contributions. The elaborate, cross-platform fantasy realm, code-named Overworld, has been in development at its namesake studio for over a year. The Xterio ecosystem committed to backing the project throughout its development, particularly as it uses digital ownership to drive growth and further extend its community. The ecosystem nurtured the idea by contributing initial financing and tech contributions.

The captivating plot of Overworld, a third-person 3D action role-playing game created with Unreal Engine 5, combines high fantasy mythology with anime-inspired characters and designs. The game immerses players in a realm where epic-scale stakes are mixed with realistic, day-to-day narratives. The group’s primary goal at the moment is creating an alpha version for consoles, PCs, and mobile devices that are current generation.

With its captivating game design and top-notch visuals, Overworld strives to provide an experience that can rival the finest RPGs in the genre. Player ownership is implemented in a seamless and optional manner that enhances the experience rather than depending on it as the main foundation upon which the game is built.

Jeremy Horn, COO of Xterio, is in charge of Overworld development. He has a long history in the gaming, IT, and entertainment industries. Horn is a seasoned veteran of the games business with extensive experience creating and maintaining high-grossing social games across both new and existing IP. He was formerly Vice President of Strategy at Jam City. Proven hit producers from Epic, EA, Sony, Bioware, Jam City, and Ubisoft make up the crew.

Horn stated:

“At Overworld, we are focused on building an incredible, dynamic game world driven by the player community. The massive scale of Overworld represents the scale of our ambitions as a game studio. In just one year, we’ve seen our player community embrace our first collection of digital collectibles, and we are excited to build out even more of this novel world.”

Based on the gaming platform technology developed by the Xterio Foundation, which has the support of top-grossing mobile developers like FunPlus, Overworld will be released by Xterio. Moreover, Xterio specializes on integrating digital collectibles into free-to-play and cross-platform games.

In terms of sales, volume, market value, and marketing reach, Overworld’s most recent NFT collection, “Overworld Incarna,” is among the most successful of 2023. One of the most traded game-themed collections is Overworld Incarna, which has been among the top ten traded collections for over five weeks.

Ryan Kim, Founding Partner, Hashed stated:

“Overworld, the flagship social RPG from the established Xterio platform, is poised to redefine online multiplayer RPGs in the crypto space by targeting the masses. With a strong leader who understands the dynamics of web3 and backed by an experienced team with a strong track record, Overworld is poised for success in the web3 gaming space. With a user-driven economy and unparalleled industry expertise at the right time, Overworld is poised for innovation and resilience.”