Economy Metaverse Shares

Metaverse: MetaMundo, a new platform

MetaMundo, a metaverse-focused virtual non-fungible token (NFT) marketplace, has completed a $2.7 million seed investment round. The platform, which is to arrive in Q1 2022, will make it easier to purchase, trade, and license metaverse.

metaverse metamundo

In addition to Animoca Brands, Hypersphere Ventures, Digital Currency Group, OP Crypto, Metaartel Ventures, and angel investments from co-founders Aave and Rarible, MetaMundo’s initial funding includes Hypersphere Ventures, Digital Currency Group, OP Crypto, Metaartel Ventures, and angel investments from co-founders Aave and Rarible, among others.

The platform, which is based on the Polygon Network, allows designers and producers to monetize, sell, and license NFT assets for usage in virtual and augmented reality. As well as a variety of metaverse worlds such as Decentraland, Cryptovoxels, and Somnium Space.

According to the release, users can save money on gas by using the Polygon network instead of the Ethereum network.

The marketplace is to start in the first quarter of 2022, according to MetaMundo. It will feature a large library of commodities such as avatars, wearables, automobiles, and buildings, among other things.

The project’s technology explained by Mark Studholme, co-founder of MetaMundo. “MetaMundo contains a set of tools for converting, decimating, and optimizing the designer’s original 3D “parent” file into the distinct “child” files that are optimal for each metaverse. We use the ERC 721 contract to monetize the parent file as an NFT,”. “And this parent NFT serves as a wrapper for the child files and NFTs. As a result, when you gather the parent NFT, it includes as well all of the child NFTs.”

Meanwhile, the general population actively engages and immerses itself in these expanding virtual worlds. A study report released in late November by industry titan Grayscale has forecasted that the metaverse sector may be worth $1 trillion in the coming years.

For MetaNews.

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Jonathan Hobbs

Jonathan Hobbs is an Australian investor and author that trades on a variety of asset classes, including currencies, equities, and commodities. Jonathan’s experience as a macro trader leverages his unique writing style to combine important elements, such as technical analysis and news. The other elements that he brings into his unique writing styles are foundation analysis aimed at rational equilibrium values, evaluating the sizes and motivations of buyers and sellers, as well as identifying the needs of the buyers and sellers in the individual markets. Jonathan is committed to quality writing for new traders as well as veterans.

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