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Overworld raises $10 million to create a multi-platform ARPG
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Overworld raises $10 million to create a multi-platform ARPG

Feb 15, 2024

The Overworld gaming studio, specializing in creating cross-platform multiplayer role-playing games, has successfully completed an initial funding round of $10 million. The round was led by Hashed with participation from The Spartan Group, Sanctor Capital, and Galaxy Interactive, along with notable support from Hashkey, Big Brain Holdings, and Foresight Ventures. The funds will be directed towards accelerating the development of a multiplayer role-playing game enriched with digital collectibles. The Overworld project is a rich cross-platform fantasy universe that has been under development for almost a year at the eponymous studio. The Xterio ecosystem served as the project's incubator, providing initial funding and technological input, and has committed to supporting the project throughout its development.

Overworld, a third-person 3D role-playing game developed on Unreal Engine 5, offers players the chance to immerse themselves in a universe where fantasy plots blend with anime-inspired characters. The game focuses on combining epic battles with everyday tasks and engaging stories. The team is currently focused on developing an alpha version of the game for consoles, PCs, and mobile devices. Overworld aims to offer a gaming experience comparable to the best role-playing games, with attractive design and world-class visual quality, while implementing player ownership in a simple and optional way.

Jeremy Horn, the COO of Xterio, who has extensive experience in the gaming, technology, and entertainment industries, is the developer of Overworld. The Overworld team consists of experienced developers who have worked at companies such as Epic, EA, Sony, Bioware, Jam City, and Ubisoft. Overworld will be published by Xterio based on the technology of the Xterio Foundation gaming platform, supported by leading mobile developers, including FunPlus. Xterio specializes in combining F2P and cross-platform games with digital collectibles. The recent Overworld NFT collection "Overworld Incarna" became one of the most successful collections of 2023, demonstrating high revenue, volume, market value, and marketing reach.

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