Nexo Ventures, the in-house Web3-focused investment and acquisition fund of the leading regulated institution for digital assets Nexo, has announced it is strategically investing in Realms of Ethernity (RoE), the hottest and most highly anticipated blockchain game in the play-to-earn (P2E) gaming community.
The announcement comes on the heels of Nexo’s newly formed strategic partnership with RoE creators XYZZY, the Miami-based metaverse GameFi company that is using blockchain technology to revolutionize the world of gaming.
This long-term partnership allows Nexo Ventures to invest in RoE, the world’s first triple A-quality, P2E, nonfungible token massively multiplayer online roleplaying game. RoE is a polished, rich, third-person open world built with Unity 3D and stunning audio-visual quality that allows players true ownership of the game’s assets.
RoE tokenholders will now be able to engage in lending, staking and trading through digital wallets on Nexo’s platform, allowing the community access to a user-friendly platform that gives them instant and efficient access to their tokens while keeping them stored on one of the most secure platforms in the industry.
Haydn Snape, founder and CEO of Dubai’s Decentralized Investment Group, owner of GameFi subsidiary XYZZY, said:
“It is only natural for two of the biggest names in GameFi these days — Nexo and RoE — to partner up at this crucial time in Realms’ development with GameFi taking the blockchain world by storm.
We have just had the RETH token trending when it was listed this week as number one on both DEXTools and Uniswap, continuing to break records everywhere. And now we get to offer our tokenholders access to Nexo. This is incredibly exciting for us.”
RoE held an initial game offering (IGO) last month for its pre-launch tokens, which sold out in record time on multiple launchpads, cementing RoE’s IGO as one of the biggest in P2E history. Now, the Nexo partnership will propel the game and its users to even more success.
Nexo’s pursuit of excellence, from product development to licensing worldwide, has brought a new generation of professional financial services for digital assets, which will allow RETH tokenholders to be a part of a better, fairer financial system that crypto has created.
Nexo guarantees that tokenholders’ assets will be safeguarded and easily and instantly accessed, giving them more efficient ways to transfer or manage their funds.
Tatiana Metodieva, head of Nexo Ventures and corporate finance at Nexo, said:
“The crypto P2E-gaming community requires access to financial tools — tools that resemble those available in the world of traditional finance — that make their gaming experience accessible, seamless and convenient.
Not only can we help provide these tools, we are committed to investing in and developing the entire GameFi metaverse economy and ecosystem — and that’s exactly what we’ve done with XYZZY and RoE.”
About Nexo
Nexo is the world’s leading regulated digital assets institution. The company’s mission is to maximize the value and utility of cryptocurrencies by offering an exchange service with 300-plus market pairs, tax-efficient Instant Crypto Credit Lines, a high-yield Earn Crypto Interest suite and sophisticated trading and over-the-counter capabilities while providing top-tier custodial insurance and military-grade security with its Nexo Wallet.
Nexo manages the assets of more than 4 million users and has processed more than $80 billion in 200-plus jurisdictions since 2018.
About XYZZY
The Miami-based metaverse GameFi company XYZZY, powered by multinational blockchain technology conglomerate Decentralized Investment Group of Dubai, is bringing together the gaming and decentralized finance worlds through revolutionary blockchain technology. It is bridging the virtual and physical worlds to disrupt the P2E digital game ecosystem.
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Source: Igaming
