MetaMundo, a virtual non-fungible token (NFT) market focused on Metaverse, has announced the completion of a $2.7 million seed round of financing.
Under the leadership of Animoca Brands, MetaMundo’s first financing also includes Hypersphere Ventures, Digital Currency Group, OP Crypto, Metaartel Ventures, and angel investments from the co-founders of Aave and Rarible.
The platform is built on the second-tier network Polygon, allowing designers and creators to forge, sell, and license their NFT assets for use in virtual and augmented reality, as well as a series of yuan including Decentraland, Cryptovoxels, and Somnium Space. Festival world.
The announcement pointed out that compared with the Ethereum network, the use of the Polygon network can provide users with lower gas costs.
— MetaMundo (@metamundo_NFT) November 9, 2021
According to MetaMundo, the market is expected to be launched in the first quarter of 2022 and will have a large number of items, including avatars, wearable devices, vehicles and buildings.
Mark Studholme, co-founder of MetaMundo, explained the technology behind the project:
“MetaMundo has a set of tools that can convert, extract and optimize the original 3D’parent’ file provided by the creator into a separate’child’ file optimized for each Metaverse. We use the ERC 721 contract to cast the parent file into an NFT, And this parent NFT is a wrapper for the child files and NFTs. Therefore, when you collect the parent NFT, all child NFTs will follow.”
Studholme added that as the platform integrates more metaverses, they will “convert and optimize new child files and add them to the parent NFT.”
Research report released by industry giants in late November Gray Prediction Metaverse Department With mainstream audiences actively participating and immersing in these emerging virtual worlds, the value of the next few years may soar to 1 trillion US dollars.
The popular Meta Festival token MANA from Decentraland and SAND from Sandbox have witnessed historical highs in recent weeks. This trend is partly caused by Facebook turns to Meta.
Yat Siu, executive chairman and co-founder of Animoca Brands, commented on the need for interoperability across different metaverse spaces:
“Interoperability is a fundamental feature of open metaverse. MetaMundo is creating a network of 3D creators and tools to make it possible to build multiple emerging open Metaverse environments, which we see as the future of digital experiences.”