Mark Cuban is among the backers of the upcoming metaverse platform, Oorbit. The billionaire investor and entrepreneur headlines a group that also includes HOF Capital and Pixelynx.
What is the Oorbit metaverse?
To sum up, Oorbit describes itself as the first and biggest doorway to metaverse content. It’s a cloud platform bosting AAA-quality blockchain games and virtual worlds. In essence, it aims to provide users with a new way to experience the metaverse. To list, this includes the fields of gaming, virtual events, and entertainment.
The metaverse start-up wants to simplify the user experience of exploring the virtual worlds. In a statement on the funding round, Oorbit’s CEO and co-founder Ash Koosha says that the company will “enable episodic entertainment that is not just incredible but also approachable, for all audiences.” To that end, the funding will help the platform to grow and expand.
As many will know, billionaire investor Mark Cuban has been very active in Web3 for some time now. Indeed, the mogul is a famous advocate of the growing industry. As a result, his backing of Oorbit is a notable endorsement of the platform’s future. Cuban said that he believes that the platform will make it so that, “developers, publishers and brands can create and more easily deliver their most compelling work.”
Needless to say, the metaverse is the hottest new frontier that Web2 and Web3 brands alike are looking to tackle. For example, Bored Ape Yacht Club creators Yuga Labs have recently made public their forays into the metaverse. Of course, the most famous example of this might be tech behemoth Facebook rebranding to “Meta”. The move signaled the company’s pivot to focus on the metaverse.
It will be interesting to see where Oorbit fits into this increasingly crowded field. Without a doubt, this major funding round will be a major boost to its efforts.