In a noteworthy development, XPLA, the Layer 1 blockchain, has successfully secured funding from Play Ventures, a prominent Singapore-based investment firm. The undisclosed investment is anticipated to drive XPLA's growth and innovation within the web3 gaming sphere.

XPLA expressed excitement about the partnership in an official press release, stating: "As we embark on this exciting journey with Play Ventures, we are confident that their financial support, strategic guidance, and industry expertise will be instrumental in steering XPLA toward even greater success."

What is XPLA?

XPLA operates as a Tendermint-based Layer 1 blockchain, positioning itself as a central hub for digital media content. Embracing the principle of 'Explore and Play' XPLA offers a diverse array of digital content supported by a robust blockchain gaming infrastructure, creating a sustainable ecosystem.

Notably, XPLA has recently added esteemed intellectual properties (IPs)  such as The Walking Dead: All-Stars, Summoners War: Chronicles, MiniGame Party, and Ace Fishing: Crew, marking a significant expansion. Additionally, with the introduction of Idle Ninja Online, the first cross-chain game, XPLA distinguishes itself as a pivotal, content-centric blockchain, showcasing a diverse range of services and propelling forward in the industry.

The core values of 'Play to Own' define XPLA's approach, emphasizing a gaming environment that values gamers' ownership and contributions, fostering sustainability within blockchain gaming.

Google Cloud

Google Cloud recently announced a partnership with XPLA, making it the primary validator for the crypto gaming network. This collaboration, initiated by South Korean game publisher Com2uS, is just another noteworthy milestone for web3 gaming.

The partnership with Google Cloud is aimed at fortifying the security of XPLA and advancing its vision of building a gaming universe with immersive experiences. With Google Cloud onboard as a Volunteer Validator, the team is putting their efforts towards strengthening overall security and governance. 

Jack Buser, General Director of Google Cloud Game Industry Solutions, expressed the company's intention to facilitate the growth of web3 games through the reliable Google Cloud infrastructure. “We are pleased to take on a role as a Volunteer Validator for the XPLA ecosystem.” 

This move aligns with Google Cloud's ongoing involvement with various blockchain networks, including Solana, Tezos, Aptos, Polygon, and Celo. XPLA's expanding validator roster includes Animoca Brands and Gumi, alongside the recent addition of Google Cloud. 

Paul Kim, XPLA Team Lead, expressed enthusiasm about the collaboration, stating: "We are delighted to partner to shape a transparent Web3 ecosystem and deliver innovative experiences." Google Cloud's venture into blockchain validation extends beyond XPLA, with the company's Web3 Startups Program, launched in April, aiming to offer additional benefits for web3 firms. 

Play Ventures

Play Ventures is recognized for active investments in the gaming industry, and has seen success with remarkable returns. Last year, the firm announced a 150% return to investors within less than four years since the debut of its Fund I. Since 2019, Play Ventures has invested in over 100 gaming companies, spanning studios to service providers.

With Play Ventures now on board, XPLA aims to foster innovation and explore new frontiers within the web3 gaming realm. The blockchain platform emphasizes the synergy between the two entities, enabling efficient approaches to capitalizing on opportunities and addressing challenges.

"Together, we aim to deliver an outstanding web3 experience and solidify our position as a blockchain with immense potential," noted XPLA. The platform actively seeks new partnerships to expand its ecosystem and is open to collaboration opportunities aligning with its strategic goals.

Beyond financial support, Play Ventures stands out by offering strategic counsel and industry expertise to startups. The Singapore-based firm features a team of seasoned investors and gaming industry experts dedicated to identifying promising startups and fostering their competitive advantage.

As XPLA and Play Ventures join forces, the collaboration is poised to shape the landscape of web3 gaming. This strategic alliance creates an environment conducive to innovation and growth within the gaming industry.