- NFTs marketplace MetaMundo has completed its seed funding round
- The seeding round was led by Animoca Brands with other market participants
- MetaMundo is built upon the Layer-2 solutions of the fastest growing Polygon blockchain
- MetaMundo platform is developing a network of 3D creators and tools that makes it possible to create the multiple emerging open virtual environments
NFTs and metaverse are steadily gathering mainstream attention. Since the beginning of this year, the Non-Fungible Token industry has witnessed notable growth. Several crypto collectibles have been sold for millions of dollars. In the current scenario, the NFT are everywhere including entertainment, art, pop, culture, sports, and games. Hence, following the craze, MetaMundo, a virtual NFT marketplace focused on a 3D metaverse, anticipates to roll out by the next year. Notably, the platform will facilitate buying, selling, and licensing of metaverse assets.
MetaMundo NFTs marketplace completed its seeding round
MetaMundo, the NFTs marketplace has recently announced that the platform has completed its seed funding round. Notably, the fundraising round was led by Animoca Brands. Alongwith Animoca Brands, the debut funding further included Hypersphere Ventures, Digital Currency Group, OP Crypto, Metaartel Ventures and angel investments from the co-founders of Aave and Rarible, among others.
Following the completion of the seeding, the marketplace announced that it expects to roll-out in the first quarter of 2022. Furthermore, MetaMundo will host a vast library of items including avatars, wearables, vehicles, and buildings, among others.
Technology behind MetaMundo
MetaMundo is built upon the Layer-2 solutions of the fastest growing Polygon blockchain. Using the network, MetaMundo will be able to offer users with reduced gas fees in comparison with the Ether network. The marketplace will allow designers and creators to mint, sell, and license NFTs assets for usage in the virtual and augmented reality. Furthermore, the marketplace will be available across an array of metaverses including Decentraland, Cryptovoxels, and Somnium Space.
According to Mark Studholme, the co-founder of MetaMundo, the technology behind the platform has a suite of tools that converts, decimates and optimizes the original 3D parent file provided by the creators to individual child files optimized for the virtual world. Indeed, the platform helps mint parent files as one NFT using the ERC-721 base contract. Such parent NFT is a wrapper for the child files and crypto collectibles. Ultimately, when someone collects the parent collectible token, all the child tokens come with that. Additionally, when the platform integrates more metaverses, it converts and optimizes new child files and adds all of them to the parent tokens.
Metaberses continues to roar
Amid Facebook rebranded itself to Meta, several metaverse projects began to garner attention globally. According to a research report shared by Grayscale, it is estimated that the NFTs metaverse industry could soar to $1 trillion in value over upcoming years. It is notable that mainstream audiences become actively engaged and immersed in these burgeoning virtual worlds. Indeed, the MetaMundo platform is developing a network of 3D creators and tools that makes it possible to create the multiple emerging open virtual environments, which is being envisioned as the digital ecosystem’s future.