Web3 gaming infrastructure startup Xternity raised $4.5 million in a pre-seed funding round as the space continues to grab the most venture funding.

NFX, a pre-seed and seed-stage-focused venture capital firm based in Israel, led the round. Other investors included Jibe Ventures, Flori Ventures, Secret Chord Ventures and vGames, the startup said.

There’s no use arguing: web3 is here to stay. Pioneering brands across the globe are already leveraging web3 to ignite huge growth. As Gen-Z gains a stronger foothold in the market, brands are realizing that empowering their community is key to long lasting success - not just selling to them.

The Xternity mission is to build a comprehensive ecosystem for community empowerment on web3, and enable brands the world over to adopt web3 innovations.