We’ve Raised $2.7M in Seed Funding to Launch the First 3D NFT Marketplace for Building the Metaverse
We’re happy to announce we’ve raised $2.7 million in seed funding from an amazing group of investors. Our round was led by Animoca Brands, a global figurehead in gamification and blockchain, with participation from Hypersphere Ventures, Digital Currency Group (DCG), OP Crypto, Metacartel Ventures, Marshland Capital, Own.fund, Polygon Studios, Ascensive Assets, Sfermion, D1 Ventures, Cryptomeria Capital, Red Beard Ventures and Metacollective. The raise also includes angel investments from the founder(s) of AAVE, Rarible, WilderWorld, Nifty Island, Property’s Digital Ventures and MetaPortal. The advisors to MetaMundo include Jon Radoff (CEO of Beamable and author of Building the Metaverse), Eric Arsenault (RaribleDAO, YGG and VentureDAO), Jin (DankVR) and Metadreamer (MetaFactory). The raise represents investment from some of the largest metaverse landowners and developers.
This round will enable us to accelerate the launch of the marketplace in Q1 2022, to continue optimizing and building a suite of conversion tools, and to develop direct integrations with the leading metaverses and game builders.
“Interoperability is an essential feature of the open metaverse,” said Yat Siu, the executive chairman and co-founder of Animoca Brands. “MetaMundo is creating a network of 3D creators and tools that make it possible to build the multiple emerging open metaverse environments that we envision as the future of digital experience.”
Our platform and technology will enable architects, designers, and 3D creators to mint, sell and license their 3D assets for use across open metaverses and VR/AR applications, including Decentraland, Cryptovoxels, Somnium Space, and Spatial. Using a suite of 3D model conversion tools, the platform takes an original 3D file from the creator and optimizes it for each metaverse. The collection of optimized files is then minted as one NFT, enabling ownership of one asset for any metaverse. Our platform also optimizes these files to ensure they work with each new environment.
Our unique approach empowers 3D creators with the freedom to create their desired art and allows the collector to easily acquire an NFT that can be used across many virtual environments. This solves two key issues for metaverse builders: the first is easy accessibility to 3D content that allows them to build worlds; the second is the interoperability of these assets across games and different environments.
“One of the biggest challenges facing the development of the metaverse is the creation of 3D content,” said MetaMundo co-founder Mark Studholme. “By enabling an existing network of architects and designers, we can provide high-quality content for metaverse builders.”
“One of the problems for metaverse users today is that they can’t easily use their 3D assets across different virtual environments. In part, this is due to the disparity in supported format and attributes like file type, size and mesh count,” said Finn Hansen, MetaMundo co-founder. “We’re focused on solving this lack of interoperability by automating the conversion process to mint 3D assets that are metaverse-ready from day one.”
We’re building the platform on Polygon, the eco-friendly blockchain, which means the minting and selling of the assets will have very low gas fees compared to Ethereum and will use 99.5% less energy. It also means the assets will be interoperable across Polygon-based metaverses such as Decentraland and Somnium Space. We’re also planning on setting up a fund for offsetting the carbon emissions made from the transactions on Polygon.
“We’re transitioning from the engineering era of game development to the creator era. MetaMundo is providing the necessary tools for creators to own the future of the metaverse and define how it will be experienced,” said Jon Radoff, advisor to MetaMundo, CEO of Beamable, and author of Building the Metaverse.
MetaMundo is a curated marketplace for 3D scenes and assets, enabling anyone to own high quality 3D NFTs for use across the open metaverse. Powered by web3 technology, the scenes and assets available on MetaMundo are verifiable on the Ethereum blockchain. We developed our own NFT, specifically for 3D scenes and assets, which are metaverse-ready. Each of our NFTs contain a bundle of 3D files, optimized for use across the open metaverse — including versions, which can be used in high fidelity game engines and environments. MetaMundo presents exclusive drops to collectors from the world’s leading 3D artists, designers, architects, and brands — with creators receiving royalties from future sales. Every 3D NFT minted by MetaMundo can also be resold by collectors on secondary NFT marketplaces.
MetaMundo is backed by acclaimed metaverse funds, advisors, and angel investors.