Metaverse Project Ultiverse Raises $4.5M In A Funding Round

Ultiverse, a metaverse project, recently raised $4.5M in a seed round with a $50M valuation. The seed round is led by Binance Labs and co-led by DeFiance Capital. Other prominent investors such as Three Arrows Capital and SkyVision Capital participated in the round too.

So, how will Ultiverse utilize the funds? First off, Ultiverse will use it to further develop its product. Subsequently, they will hire top talent while growing the community prior to launch.

Binance Labs Welcomes Ultiverse

The arrival of AAA blockchain games like Ultiverse is much needed in the BNB chain. This is especially noted by  Gwendolyn Regina, Investment Director at BNB Chain Fund who commented:

“Blockchain games are still in their infancy. The first generation of GameFi has been predominantly simple card-based games, and AAA games with high quality are in great need. Thus BNB Chain is more than pleased to support projects like Ultiverse to unlock the full potential of Gamefi.”

Frank Ma, the CEO of Ultiverse stated that he’s excited to grow Ultiverse along with Binance Labs and BNB ecosystem as below:

“We’re excited to grow Ultiverse along with Binance Labs and BNB Chain ecosystem, as we share a common vision of Web3 gaming metaverse. I am confident that Ultiverse will be the proof-of-concept that both Web3 and gamers have been clamoring for. “

About Ultiverse, a VR-compatible metaverse project

Ultiverse is a social gaming metaverse in a VR-compatible virtual world. Interestingly, the project aims to create a first-of-its-kind MetaFi. How? By encouraging mutually beneficial relationships in Ultiverse ecosystems. Furthermore, players can import any NFT into Ultiverse in the future. If you wish to learn more about Ultiverse, do check out their official website. And don’t forget to follow their Twitter or join their Discord channel for the latest updates.