Metaverse

MetaMundo aims for 2022 launch with new funding

MetaMundo, a virtual nonfungible token (NFT) marketplace focused on metaverses, has announced the completion of a seed funding round of $2.7 million.

The platform will enable users to buy, sell, and license metaverse assets once it launches in the first quarter of 2022.

MetaMundo’s debut funding included Hypersphere Ventures, Digital Currency Group, OP Crypto, Metaartel Ventures. Inaddition angel investments from the co-founders of Aave and Rarible, among others.

MetaMundo

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MetaMundo lets designers and creators mint, sell and license their NFT

The platform, which is based on the layer-two network Polygon. Additionally allows designers and creators to mint, sell, and license NFT assets for use in virtual and augmented reality. Moreover as across a variety of metaverse worlds such as Decentraland, Cryptovoxels, and Somnium Space.

According to the announcement, using the Polygon network saves users money on gas fees when compared to the Ethereum network.

The marketplace is expected to launch in the first quarter of 2022

MetaMundo predicts the marketplace will launch in the first quarter of 2022. In addition it will feature a large library of items such as avatars, wearables, vehicles, and buildings, among other things.

Mark Studholme, a co-founder of MetaMundo, explained the technology behind the project:

“MetaMundo has a set of tools that convert, decimate, and optimize the original 3D ‘parent’ file into individual ‘child’ files, each optimized for a specific metaverse. Using the ERC 721 contract, we mint the parent file as a single NFT. Which serves as a wrapper for the child files and NFTs. As a result, when you collect the parent NFT, it includes all of the child NFTs.”

When the platform integrates more metaverses, Studholme says they’ll “convert and optimize new child files and add them to the parent NFT.”

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Michelle D. Madsen

Michelle D. Madsen graduated from the University of Westminster and has been deeply involved in the world of finance ever since. She has worked as a Broadcast Journalist hosting various news shows and informative webcasts about the financial markets. Since 2004 she has also been writing for Metanews daily, her attention to detail, and her in-depth knowledge of the financial markets have led her to cover Foreign Exchange and commodities. The world of finance has changed in the last few years with the introduction and rising popularity of cryptocurrencies. She has in no means been left behind, adding this to her bank of intellect and is now also an expert in cryptocurrencies. For the last ten years, Ms. Madsen has been engaged in the financial market. She has notedly written a great number of incredibly informative reviews for the crypto exchange and forex brokers. Her wealth of knowledge has enabled her to become a leading expert in the field. She continues to inform the public writing up-to-date, thorough reviews for the readers of Metanews as she has for the last decade.
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