Bit.Country, a platform specifically designed to allow users to create personalized metaverses, has received $ 4 million in investment in its first round of funding. Participants in the funding event included Web3 pioneers, game industry leaders, influencers and 56 other Metaverse supporters from around the world.
Walsh Wealth Ventures became one of the leaders of the round and was supported by influencers like CryptoGodJohn, MrBeast, KSI, Tobias31, Lazarbeam, MrFreshAsian, LachlanYT and CryptoWizardd. The participating influencers have a subscriber base of more than 200 million online users.
Another major investor was Animoca Brands – a unicorn in blockchain gaming and developer of such popular blockchain games as CryptoKitties, The Sandbox, F1 Delta Time, and a number of other titles. Animoca Brands supported Bit.Country by accessing its accumulated knowledge and experience in the field of blockchain-based and traditional development of console and PC games.
Bit.Country has also received support from such large mutual funds as Hypersphere Ventures, Kernel Ventures, Shima Capital, Genblock Capital, Longhash, CMS, LD Capital, Polka Warriors, Moonwhale Ventures, Moonrock Capital, NGC Ventures, Vendetta Capital and OKEx Blockdream Ventures. and other.
Bit.Country is an independent virtual world with its own universe environment, internal currency, economic mechanisms and governance. Those who join Bit.Country can use the built-in token economy to create their own meta-universes for themselves, their friends and subscribers. According to the project’s whitepaper, users can use Bit.Country in the new Web 3.0 dimensional extension to create individual locales such as virtual shops or cafes as well as entire communities and even countries. The platform is equipped with all the tools necessary to create NFT elements for use in the virtual world through a convenient and easy to use interface.
“While our team is excited about the development of Web 3.0, our goal is to create a network that has a real impact on the world. In this paradigm shift, we want to offer ordinary people the opportunity to gain access to values. “as stated by the platform’s representative in a recent press release.
One of the more practical examples of using private meta universes is online 3D conferencing. Such digital environments allow users to demonstrate real gestures using motion sensor technologies, communicate and realistically interact with each other in a new dimension. The application and demand for such digital environments has increased dramatically following the global lockdown following the pandemic.
According to the developers at Bit.Country, the respective market is of great interest to both businesses and users. Developers are confident that the future of the Metauniverse industry is bright given the interest the Bit.Country project has generated from investors. The development team plans to scale the project in the near future and expand the functionality of the platform as well as its market penetration.