.UltiverseDAO has raised $4.5 million at a $50 million valuation in a seed round co-led by BinanceLabs and DeFianceCapital to expand its metaverse offerings. shauryamalwa reports
Metaverse project Ultiverse has raised $4.5 million at a $50 million valuation in a seed round co-led by Binance Labs and Singapore’s DeFiance Capital.
Metaverses refer to a 24/7 online world, inhabited by economies that incentivise a new network of creators and infrastructure providers. This economy revolves around in-game assets that are interoperable. Ultiverse is fashioned as a"MetaFi" project, an umbrella term for a project utilizing gaming, NFTs, and social networking via smart contracts.
The Ultiverse ecosystem allows players to import their own NFTs from multiple supported blockchains for use in the virtual world, and also support NFT and land customization. Ultiverse will launch in tandem with its first internal game, a 3D multiplayer role-playing game in which different roles of players be able to interact with each other.
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