Sports Metaverse company secures $200 million funding
The company said the funds will support the building of virtual sports cities around the world. Sports Metaverse startup LootMogul secured a $200 million investment commitment from Gem Global Yield, providing the company a share subscription facility of up to $200 million for a 36-month term following an equity exchange listing. The company said that the funding is expected to boost the development of LootMogul's metaverse focused on sports games, including "building meta (virtual) sports cities around the world with real-world benefits, brands & professional athletes on a true cross....
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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....
Metametaverse, a company whose purpose is the integration and interoperation of different metaverses, has already secured funding of $2 million for this idea. Joel Dietz, the founding father of this initiative and also from the uber-popular wallet Metamask, has stated this task might be achieved by building a common pool of assets and experiences through a Level 1 blockchain like Ethereum or Bitcoin.
The Metaverse Interoperability Question
The idea of the Metaverse linked to digital experiences and token economies is relatively new, and just now hundreds of companies are building....
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....
Phil Jones has become the latest sports figure to invest in the metaverse. The longest-serving Manchester United player in the current squad, Jones has helped pioneer a novel metaverse membership project dubbed Red Lion Sports Club (RLSC), in partnership with media platform Antourage. The Sports Club is a dedicated online space where fans and athletes […]
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....