The funding round will help SPACE Metaverse to develop an economic backbone of Metaverse.
Metaverse is the word for 2021. As the concept slowly moves closer to reality, high-profile establishments are betting big on it. Capital is flowing at a rapid pace. In the latest development, SPACE, a metaverse dedicated to arts and commerce, has raised $7 million in a funding round.
SPACE Metaverse
According to a press release shared with CryptoPotato, the investors leading the latest funding round are some of the most high-profile names in the industry. Coinfund, Dapper Labs (creators of NBA Top Shot and Flow), Digital Currency Group (DCC), Animoca Brands, Hof Capital are some of the platforms that have participated in raising $7 million.
The main objective behind the capital infusion is to help SPACE develop the “economic glue” to connect different metaverses into one parallel society. A brief primer – SPACE aims to position itself as the creator of the “next frontier” of social comm
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