MetaMundo Secures $2.7 Million Seed Funding to Boost NFT Marketplace for Metaverses

Funding Triumph for MetaMundo

In the exciting world of virtual reality and NFTs, MetaMundo has made waves by successfully wrapping up a $2.7 million seed funding round. Spearheaded by none other than Animoca Brands, this funding bonanza also saw participation from Hypersphere Ventures, Digital Currency Group, OP Crypto, and Metaartel Ventures. Add to that an impressive roster of angel investors, including co-founders from Aave and Rarible, and you’ve got an investor mix that’s hard to beat!

Building on Polygon

MetaMundo isn’t just any NFT marketplace; it’s betting on a layer-two network known as Polygon. This is a pivotal move to offer lower gas fees compared to Ethereum, a topic that every crypto enthusiast knows can be painfully expensive. Think of it as trying to buy a candy bar but needing to take out a loan—always a bit sketchy!

Marketplace Launch and Features

Expect to see the MetaMundo marketplace spring to life in the first quarter of 2022. Users will be thrilled to explore a treasure trove of digital items, including avatars, wearables, vehicles, and buildings. Imagine a virtual garage with a collection fancier than your neighbor’s—without the maintenance!

The Tech Behind the Magic

MetaMundo’s co-founder Mark Studholme rolled out the tech-game plan: “We use a suite of tools to convert, decimate, and optimize the original 3D ‘parent’ files provided by creators into child files ready for various metaverse spaces. Each parent NFT acts like an umbrella that shields the child files, or mini NFTs, created from it.” It’s like being a proud parent who still has the energy to make those fantastic mini-Mes!

Big Opportunities Ahead

A report from Grayscale hints that the metaverse could blossom into a $1 trillion sector in the coming years. With metaverse tokens MANA from Decentraland and SAND from The Sandbox hitting all-time highs, it’s safe to say that virtual real estate is looking more promising than ever. Yat Siu, co-founder of Animoca Brands, underlined the necessity for interoperability in this new digital domain, stating, “MetaMundo is creating a network of 3D creators to foster the emerging open metaverse environments that will shape the future of digital experiences.” It sounds like the metaverse is gearing up for a digital expansion that rivals even the wildest sci-fi movies!