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What is EXVERSE (EXVG)?
Quick Facts
- Token symbol: EXVG
- Blockchain: BNB Smart Chain (BSC)
- Game engine: Unreal Engine 5
- Genre: Free-to-play, AI-powered first-person shooter (FPS)
- Founded: 2021, headquartered in Dubai
- Token Generation Event: April 2024
- Funding raised: $3M in private round
- Three in-game planets: Battle, Quest, and Social
Introduction
EXVERSE is a blockchain-based, free-to-play first-person shooter that brings AAA-quality gaming into the Web3 space. Built on Unreal Engine 5 and powered by AI, Exverse aims to bridge the gap between traditional gaming and decentralized technology — without sacrificing gameplay quality.
The EXVG token sits at the heart of this ecosystem, enabling players to earn, spend, stake, and govern within the game's economy.
History & Background
Exverse was founded in 2021 by Nikita Uriupin, with Ooi Fei Hoong serving as CEO. The Dubai-based team began development in stealth mode before publicly launching its website and social presence.
In early 2023, Exverse received a grant from NEAR Protocol and secured incubation support from KuCoin Labs. A seed funding round followed, and the project's Token Generation Event was completed in April 2024 after listings on launchpads including ChainGPT Pad and Seedify.
How EXVERSE Works
Exverse spans three distinct planets, each serving a different gameplay purpose:
- Battle Planet — competitive PvP matches against real players
- Quest Planet — PvE modes and seasonal content
- Social Planet — community activities and ecosystem support
The game is built on Unreal Engine 5 with AI-enhanced mechanics and a physics engine designed for immersive, skill-based competition. Players can register via email, Discord, Telegram, or a MetaMask wallet, lowering the barrier for both Web2 and Web3 users.
Tokenomics
Exverse operates a dual-token model:
- EXVG — the primary ecosystem token, used for governance, staking, purchasing NFTs, season passes, marketplace transactions, and exclusive content
- EXVS — the in-game currency earned purely through gameplay, used for cosmetics and in-game items
EXVG includes a token burning mechanism to manage long-term value, and no additional tokens can be minted beyond the original allocation. Token distribution covers team rewards, early backers, ecosystem development, and community incentives.
|
Circulating supply
| 237.67 million EXVG |
|---|---|
| |
|
Total supply
| 400.00 million EXVG |
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Max supply
| -- EXVG |
Ecosystem & Use Cases
Players earn EXVG through chest rewards, tournaments, content creation, NFT sales, and match staking — where the top 10% of performers in a game mode share the staked token pool.
NFT assets — including skins, weapons, and character 'Proxies' — are fully tradable through an in-game peer-to-peer marketplace. Players can own, trade, sell, or rent their assets, creating a real economy within the game.
Team, Governance & Community
The core team brings deep industry experience. Dmitry Bychkov leads game development with a specialization in Unreal Engine, while Alex Dashkevich serves as Art Director, drawing on experience from Wargaming and Playsense.
EXVG holders participate in DAO governance through staking, letting the community vote on the game's direction and future development. Over time, the vision is for the community itself to create and govern new worlds within Exverse.
Advantages
- Skill-based rewards — earnings tied to performance, not spending
- True asset ownership — NFT items are tradable and rentable
- Low entry barrier — free-to-play with multiple registration options
- High production quality — Unreal Engine 5 with AI-enhanced graphics
- Community governance — DAO voting empowers players
Risks & Challenges
- Market competition — the Web3 gaming space is increasingly crowded
- Adoption risk — converting traditional gamers to Web3 mechanics remains challenging
- Token volatility — EXVG, like all crypto assets, is subject to price swings
- Development execution — delivering AAA quality on a blockchain-integrated platform is complex
Long-Term Vision
Exverse aims to become a fully decentralized, community-governed gaming universe. The team envisions players and creators building new worlds, contributing self-made assets, and collectively shaping the ecosystem. By merging high-fidelity game design with blockchain ownership and AI, Exverse is positioning itself as a long-term flagship title for mainstream Web3 gaming adoption.
Frequently Asked Questions
- What is EXVERSE (EXVG)?
EXVERSE is a free-to-play, AI-powered first-person shooter game built on BNB Smart Chain and Unreal Engine 5. The EXVG token powers its in-game economy, enabling players to earn, spend, stake, and participate in governance.
- How do players earn EXVG tokens?
Players can earn EXVG through strong match performance, chest rewards, tournaments, selling NFTs, content creation, and match staking. Only the top 10% of performers in staking-enabled game modes receive a share of the staked token pool.
- What is the difference between EXVG and EXVS?
EXVG is the primary ecosystem token used for governance, staking, and marketplace transactions, while EXVS is an in-game currency earned solely through gameplay. EXVS is used to purchase cosmetic items and in-game assets.
- What are the three planets in Exverse?
Exverse features a Battle Planet for competitive PvP, a Quest Planet for PvE modes and seasonal content, and a Social Planet for community activities and ecosystem contributions.
- Who founded Exverse?
Exverse was founded in 2021 by Nikita Uriupin, with Ooi Fei Hoong serving as CEO. The Dubai-based team also includes Dmitry Bychkov as Head of Game Development and Alex Dashkevich as Art Director.
- How does governance work in Exverse?
EXVG holders can stake their tokens to participate in DAO voting, allowing the community to influence the game's development and future direction. The long-term goal is for the community to fully govern and expand the Exverse universe.
- Is Exverse free to play?
Yes, Exverse is free to play and prioritizes skill-based gameplay over pay-to-win mechanics. Players can register using email, Discord, Telegram, or a MetaMask wallet.
- What blockchain is EXVG built on?
EXVG is deployed on the BNB Smart Chain (BSC) with the contract address 0xBb7D61D2511fD2e63F02178ca9B663458Af9FC63. The game itself is built on Unreal Engine 5 with AI-enhanced mechanics.