Dubai-based Scalo leads $3.5mln funding for mobile games firm

Dubai-based Scalo leads $3.5mln funding for mobile games firm

Dubai-based tech venture company, Scalo Technologies, has led a $3.5 million investment round for Hexacore, a mobile game publisher specialising in hybrid mobile web3 games. The funding, also supported by Xsolla, Estoty, and other angel investors, will fuel the expansion of Hexacore's experienced team, known for creating games that have garnered over 350 million downloads. Notable titles include Sushi Roll, Blend It 3D and Merge Animals. The investment will also drive further development of Hexacore's innovative mobile games with hybrid monetization, including In-App Purchases, NFT Collectables, and rewarded ads. Abdumalik Mirakhmedov, Director and Co-Founder of Scalo Technologies, said: "Hexacore's groundbreaking approach to web3 gaming perfectly aligns with our investment philosophy. “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, benefitting from a hybrid monetization model.” Rashit Makhat, fellow Director and Co-Founder at Scalo Technologies, said: “With the new investment, Hexacore can now bring its games to the wider web3 gaming community, taking advantage of the scaling potential of traditional gaming audiences, and offering a smooth onboarding process for a new group of gamers." Scalo Technologies is known for