Report: Chinese Metaverse Industry Raises $780 Million in Funding
The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there are 160,000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting the metaverse. Developing the Metaverse According to a local media report, China’s metaverse industry has raised $780 million (5.46 billion yuan) in funding. In addition to 160,000 “Chinese virtual human enterprises,” there are about 20 provinces or cities that are....
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Hadean, a company using computing to scale virtual and metaverse worlds, has successfully closed its Series A funding round, raising $30 million. Among the companies that invested were gaming giant Epic Games and Chinese entertainment behemoth Tencent. Hadean aims to keep developing its metaverse-scaling infrastructure and software.
Hadean Closes $30M Series A Funding Round
Hadean, a U.K.-based computing company, has raised $30 million to expand its current reach and grow its metaverse scaling capabilities.
The company closed its Series A funding round gathering support from....
Vancouver, British Columbia, Canada, August 18, 2021 — Highstreet, the world’s first commerce-centered metaverse with a DeFi marketplace for limited edition products, has raised $5 million in funding. The funding round was led by both crypto and traditional VCs, including Mechanism Capital, NGC Ventures, Palmdrive Capital, Cherubic Ventures, Jump Trading, GBV, Panony, and Shima Capital. […]
The AI-generated avatar creation cross-platform for the metaverse, Ready Player Me, has raised $56 million in a Series B funding round led by Andreessen Horowitz (a16z). The startup’s co-founder and CEO Timmu Tõke says the funding will be used to scale the cross-platform metaverse avatar system.
Investors Inject Ready Player Me With Fresh Capital, CEO Says ‘Interoperability’ Is the Key to Unlocking the Metaverse
On Tuesday, Ready Player Me (RPM), a startup that issues 3D avatars to be leveraged in the metaverse, announced that the firm has raised $56....
Bit.Country, a platform specifically designed for allowing users to create personalized metaverses, has received $4 million in investments during its first funding round. Among the participants of the funding event were Web3 pioneers, gaming industry leaders, influencers, and 56 other metaverse supporters from around the world. Walsh Wealth Ventures became one of the leaders of […]
Condense, a Bristol, England-based metaverse company that produces technology to allow the streaming of events to virtual reality apps, has raised $4.5 million in its most recent seed round. The round, which was led by Localglobe, 7percent Ventures, and Deeptech Labs, gives Condense funding to deepen its relationship with artists, labels, content creators, and metaverse platforms in order for its technology to be adopted by more companies.
Condense Raises $4.5 Million to Deepen Metaverse Streaming Adoption
Condense, a Bristol, England-based company that offers metaverse streaming....