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Metaverse is all prepared to bring the new era of internet. Since the beginning of this year we have seen a craze for NFTs and how the entire crypto ecosystem garnered mainstream attraction. In the current scenario we have multiple metaverses, following which a firm is working on to introduce a connective passport for the virtual world with support from big-names in the industry. Ready Player Me, a go-to avatar company of the metaverse, recently raised $13 million in a funding round. Notably, the seed funding round was led by Taavet+Sten.
Users can maintain a consistent avatar across metaverse
Ready Player Me develops tools for developers to sell in-game wearable items. Such items are expressed as Non-Fungible Tokens (NFTs). Indeed, the firm is adding a layer of interoperability to the incredible virtual fashion industry like Nike and Adidas to rush into virtual worlds with their bets.
However, amid the recent funding round, the ultimate goal of the firm is to enable users to maintain a consistent avatar and identity across several booming metaverse projects. Indeed, such a feature would serve as a passport for the virtual worlds, as per the firm.
Ready Player Me wants to take developers’ pain
Ready Player Me has already more than 1k firms using their items. In a recent press release, the firm revealed that media conglomerate Warner Brothers, Dior, fashion designer, and New Balance, a sportswear brand have all made a coalition with the firm. Notably, such collaborations will help the firm in future involvement in the virtual worlds.
According to Timmu Tõke, the CEO of the firm, creating a good avatar system is a tedious task. Developers currently require about half or an entire year to do so. Following the scenario, Ready Player Me aims to take the pain of these developers by doing work for them. Hence, the firm planned to unify the outer layers of metaverse and bring a more smooth experience for users.
Latest funding round was remarkable
The latest fund raising round has included participation of some significant players in the industry. Tom Preston-Werner, GitHub co-founder, also participated in the project. Moreover, Konvoy Ventures, Samsung Next ventures, and Tiny VC have also contributed to help the firm.
Besides we have also noted that the virtual fashion attracted significant investments in recent months. Indeed, Genies, the avatar firm, has also paved the way for mass adoption.
