XVERSE Completes Strategic Investment Round to Debut Metaverse NFT Marketplace

By PRNewswire On Jun 16, 2021

Korea’s leading metaverse AI company XVERSE has completed its private round of strategic investments, setting the foundation for the next-gen NFT ecosystem that XVERSE is building.

XVERSE is the world’s leading VR-AR software and metaverse blockchain powerhouse. In collaboration with global famous artists and musicians, XVERSE will be launching its innovative metaverse NFT marketplace.

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Ahead of this giant leap for XVERSE, the company has closed a $2.7 million private funding round led by top-tier VCs and visionaries of the space – Vestigium, Animoca Brands, and Genesis Block Ventures. Notable investors participating in the round also include Momentum 6, CMS and Blocore. The fresh capital will be used for protocol and product development, marketing, and talent enhancement.

Jaeyong An, CSO at XVERSE, said “We are very excited to partner up with our strategic investors. We expect great synergy in metaverse service development and scaling up the business with the strategic investors.”

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Charles Yang, partner at Genesis Block Ventures, said: “We share the same vision with XVERSE that NFTs can be so much more than digital art; it can unlock access to any unique physical or digital resource, including products, services, and event access. That’s why we are investing in XVERSE, who have exactly the kind of know-how to achieve this vision.”

Closing this strategic investment round, XVERSE will turn its focus to the launch of its first product, NFT-powered Fan Community MYPICK, in June. XVERSE will be announcing the first collaboration with Dok2 and Double K, popular rappers in South Korea, providing fans access to the collection of artists’ unique avatars – all purchasable and tradable on the community-driven platform. MYPICK also enables artists and fans around the world to communicate and enjoy the fandom together via gamification and technology.