In Brief:
- Metaversal raised $50M in Series A Funding Round.
- The generous round was backed by CoinFund, Foxhaven,Collab+Currency, Dapper Labs, Rarible and others
- The firm revealed that it intends to work on new projects on Flow, Rarible and other platforms.
Metaversal, an investment firm and a non-fungible token (NFT) venture studio begins this new year by raising $50M in Series A Funding Round which was backed by CoinFund, Foxhaven and others. Thanking all the investors for the support, Metaverse tweeted about closing the Series A Funding Round.
The generous investors included also includes participation from Collab+Currency, Dapper Labs, Rarible, Galaxy Vision Hill, Digital Currency Group, Franklin Templeton, Narwhal Ventures, NGC Ventures, Rockaway Blockchain Fund, 6ixth Event Fund, Spartan Capital, Theta Blockchain Ventures, and Trousdale Sarosphere and Synthetix’s founder Kain Warwick.
Elaborating on further plans, the firm revealed that it intends to work on new projects on Flow, Rarible, and other platforms.
Metaversal also plans to direct the funds for investing in iconic NFTs to build its digital assets portfolio and support its own venture studio projects.
Metaversal proudly owns 750 extraordinary NFTs, including The Innovator’s Dinner and Year 3 Age 16 by Fewocious. The firm’s collection also includes many exemplary works by reputed artist Osinachi including Move and Your Turn, works from Dom Hoffman’s generative Corruption(s*) collection, the rare founder Cryptokitty 7 Gem Kitty, avatars from Creature World, RarePepe collectibles, and more.
The firm has investments in startups that are shaping the future of the open metaverse. For instance, NFT storefront builder Holaplex, industry-leading media organization NFT Now, and cannabis-focused enterprise FAR Tech Ventures.
Striving for a “multi-chain future”, Metaverse has invested in the Tezos ecosystem, which has already made a name in the digital art world.
Showing appreciation to the investors, Yossi Hasson, CEO and Co-Founder of Metaversal, said, “We are thrilled to welcome some of the foremost blockchain and technology investors into our mission to invest in the infinite stories of our culture. At Metaversal, we do this through supporting the creators that are shaping culture and the future of Web3”.
Recently, the decentralized finance (DeFi) portfolio firm DeBank had also raised $25 million in a funding round although it did not share its plans to allocate it.
