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SPACE Metaverse has raised $7 million to bring its vision of the Metaverse to life.
\nThe project focuses on creating an environment where socializing and virtual commerce can thrive within the Metaverse.
\nCapital has poured into Metaverse-related ventures since Facebook announced its rebrand to Meta. <\/p>\n
SPACE Metaverse will use the funds to help build out the Metaverse.\u00a0<\/span><\/p>\n Capital keeps flooding into the Metaverse.\u00a0<\/span><\/p>\n SPACE Metaverse is one of the latest projects to benefit from the boom after closing a $7 million funding round. The raise saw participation from some of the most prominent teams in the space, including Coinfund, Digital Currency Group, Animoca Brands, Polygon Studios, and NBA Top Shot creator Dapper Labs.\u00a0<\/span><\/p>\n SPACE Metaverse aims to create a virtual world that allows anyone to explore and interact with others. It\u2019s focusing on what it calls \u201csocial commerce experiences\u201d in the Metaverse, where users can earn rewards and benefit from economic opportunities in a way that was never possible in Web2. Batis Samadian, the project\u2019s founder, explained that it\u2019s hoping to provide the infrastructure for the decentralized economy evolving within the Metaverse in a press release. He said:\u00a0<\/span><\/p>\n \u201c<\/span>As the Metaverse continues to gain mass adoption and becomes a place where a lot of people meet up to socialize, a natural evolution is commerce, which is what Space is focused on. Users will want to be able to view shows, buy items, sell items, and engage with digital goods within the Metaverse. Space is building the Shopify for the Metaverse to enable creators to sell their digital items in a turn-key fashion and allowing users to purchase it.<\/span>\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n Coinfund\u2019s Vanessa Grellet added that SPACED Metaverse could become \u201cthe leader in building the commerce virtual world.\u201d She said that SPACED Metaverse is poised to become a leader in the space as projects rush to create the future of events and commerce. Sandeep Nailwal, a co-founder of Polygon, also described it as \u201cone of the most promising\u201d projects focusing on virtual commerce.\u00a0<\/span><\/p>\n \u201cThe Metaverse\u201d has become something of a crypto buzz word in recent weeks, not least since Facebook announced its rebrand to Meta to focus on \u201cbringing the Metaverse to life.\u201d The likes of Solana Ventures, Enjin, and KuCoin have all announced nine-figure Metaverse-focused funds, while the tokens for Metaverse gaming projects have soared. With new capital raised, SPACE Metaverse will be hoping that the excitement surrounding the concept continues into 2022.\u00a0<\/span><\/p>\n Disclosure: At the time of writing, the author of this feature owned ETH, MATIC, and several other cryptocurrencies.\u00a0<\/p>\n The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.<\/p>\n You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.<\/p>\n See full terms and conditions.<\/p>\n<\/div>\n<\/div>\nSPACE Metaverse Announces $7M Raise\u00a0<\/h2>\n
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