The metaverse, a virtual universe that blends augmented reality, blockchain and other cutting-edge technologies, is becoming a popular investment destination. From virtual gaming to metaverse platforms, investments in the metaverse are booming, and many companies are securing millions of dollars in metaverse funding to improve the digital world. In this article, we take a closer look at the top 10 largest investments in the metaverse.
Gamefam, a Roblox publisher and developer, has raised $25 million in venture metaverse funding to support the development of games on Roblox. Gamefam plans to increase its headcount to surpass 125 game creators on Roblox for the first time. Konvoy Ventures served as the funding’s primary sponsor, with Play Ventures, Makers Fund, Bessemer Venture Partners and Galaxy Interactive also contributing.
MetaverseGo, a web 3.0 application that provides quick access to Play-and-Earn Games, Guilds, NFTs, and decentralized applications, has raised $4.2 million in a seed funding round led by Galaxy Digital’s Galaxy Interactive division. The money allocated for the metaverse will be utilized for software development, contracting with telecom service providers, and hiring top tech talent worldwide.
South Korean metaverse company, Anipen, secured investments totaling 16 billion Korean won (about $12 million) in its ongoing series B funding round. Anipen develops deep learning-based metaverse platforms with an emphasis on augmented reality (AR), extended reality (XR), and artificial intelligence (AI). The company’s flagship service, AnibeaR, is a three-dimensional mobile application that enables users to create AR-enhanced video content using well-known children’s cartoon characters like Hello Kitty and the Teletubbies.
4. Animoca Brands
Hong Kong-based Animoca Brands has concluded a new round of strategic fundraising, allowing it more money to pursue further acquisition targets in the metaverse market. With the help of backers such as Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 19T, and SG Spring Limited Partnership Fund, the metaverse startup raised $75.32 million, with a pre-money value of $5.9 billion.
Metaverse development company MELON recently announced that it had raised $5 million in initial money. The game development team has produced experiences for partners and clients like the NFL, Chipotle, Mattel, Clarks, and PacSun. MELON wants to produce some of the most important experiences in music, film and TV, fashion, and sports in the tech sector throughout the upcoming years of significant expansion in the multiverse.
BUD, the largest open metaverse platform with millions of users and user-generated digital assets, has secured $36.8 million in its series B round. BUD is powered by blockchain technology, enabling users to create and share 3D interactive material with peers. BUD is improving the user experience by preparing to introduce a market for non-fungible tokens (NFTs).
7. AMGI Studios
AMGI Studios has secured a sizable sum of financing from the metaverse to work on NFT games and a metaverse that will connect Web3.0 and Hollywood. Yield Guild Games, Bitkraft Ventures, and Delphi Digital are the backers.
Dubai-based metaverse firm Everdome has obtained $10 million in finance from the GEM Digital Limited investment company in the Bahamas. The corporation can control the facility’s time and amount of drawdowns, thanks to metaverse funding.
9. Stadium Live
Stadium Live, a sports community in the metaverse, has received $10 million in a Series A round to broaden the online experience for GenZ. The metaverse startup allows customization of player avatars and buying digital memorabilia via live games and sporting events. The company’s overall valuation reached $32 million thanks to investments from KB Partners and Union Square Ventures.
Condense, a startup for metaverse live broadcasting, has secured $4.5 million. It uses cloud platforms to offer plugins for companies to incorporate 3D video into applications. Additionally, it is concentrating on selling its technology to metaverse developers and other online platforms. The major objective is to create hybrid technologies for real-world and virtual events.
In conclusion, investments in the metaverse are growing rapidly, and many companies are securing millions of dollars in metaverse funding to improve the digital world. As the field continues to evolve, it presents many opportunities for investors, businesses and consumers alike. The metaverse is the future, and it is important for the IT industry and tech enthusiasts to stay aware of its developments.