XVERSE Completes Strategic Investment Round to Debut Metaverse NFT Marketplace

PRNewswire

June 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.

Marketing Technology News: AtScale Delivers “Live” Connection Experience for Microsoft Power BI

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.”

Marketing Technology News: MarTech Interview with Armen Adjemian, Co-Founder and CEO at DISQO

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.

PRNewswire

PR Newswire, a Cision company, is the premier global provider of multimedia platforms and distribution that marketers, corporate communicators, sustainability officers, public affairs and investor relations officers leverage to engage key audiences. Having pioneered the commercial news distribution industry over 60 years ago, PR Newswire today provides end-to- end solutions to produce, optimize and target content -- and then distribute and measure results. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions.