Polish mobile publisher Hexacore has secured a $3.5m funding round led by Dubai-based venture capital firm Scalo Technologies, with funding also joined by both Xsolla and Estoty.

The investment will drive further development of Hexacore’s catalogue of hybrid monetisation focused titles, including their efforts in NFT and web3 gaming. It also reflects a broader trend of investment into the gaming sector from the UAE and MENA regions which has fuelled numerous high profile acquisitions such as Savvy’s deal to acquire mobile-game publisher Scopely earlier this year.

"We leverage blockchain technology to offer gamers a new level of ownership and control over their in-game assets,” said Mikita Khazau, CEO of Hexacore. "By harnessing the power of Web3, our platform allows gamers to earn and trade digital assets in a decentralised environment."

"We are delighted to receive this seed-round investment from Scalo Technologies, which will enable us to accelerate the development and publishing of our flagship product, Pocket Space’, and other games that will be announced later.

“Additionally, it will help us bring our vision for web3 gaming to life, expand our talented team, and further invest in the development and marketing necessary to support growth."

Scalo Technologies director and co-founder Abdumalik Mirakhmedov commented, “We firmly believe that the company has the potential to become a major player in the web3 gaming industry, based on its ability to revolutionise how gamers interact with in-game assets, benefiting from a hybrid monetisation model.”

Meanwhile, Hexacore’s own co-founder and chief executive Mikita Khazau said, “Web3 technology enables individuals to own and trade gaming assets. However, the ability to achieve interoperability across multiple games lies in the hands of game developers. We are moving down this path.”