MetaverseGo raises $4.2 million in funding round

MetaverseGo, a British Virgin Islands-based mobile gaming venture, has raised about $4.2 million in a seed funding round. The platform confirmed the development in a blog post shared on its handle. The round was led by Galaxy Interactive, Delphi Digital, Dragonfly Capital, Mechanism Capital, and Infinity Ventures Crypto.

Most of the funds will go into developing an onboarding solution. This solution is designed to ease the process of obtaining wallets, purchasing crypto, and buying gaming assets. New players have always experienced complications in actualizing those functions. Now, MetaverseGo believes its platform, through the onboarding solution, will help gamers resolve the challenge. According to reports, MetaverseGo plans to release the software by September.

The gaming platform intends to harness funds to develop its gaming software. The company will use part of the funds to secure and sustain partnership deals with telecommunication service providers. MetaverseGo also wants to embark on strategic hiring to enhance its productivity.

The firm usually avails a platform to allow gamers to sign up for games via a cell phone number. Afterward, their wallets are set up to enable them to acquire virtual tokens initiated by gaming guilds.

The co-founder of MetaverseGo, Ash Mandhyan, likened the significance of web3 integration and adoption to “learning to drive a car.” He added that people need to understand how the engine functions. According to him, this is necessary before understanding the driving, steering, and braking approaches. Mandhyan expressed the need to take things “step by step” so as not to” complicate the process too much for those new to blockchain.” The co-founder condemned those unwilling to learn about the scope of the innovation before dabbling into it.

Speaking about the gaming projects on the platform, Mandhyan revealed that gamers can now transfer winnings to their wallets. Reportedly, all wins through games played on the platform will be accessed through MetaverseGo. Credits. 

He added that MetaverseGo is accelerating efforts to bridge the gap between technological advancement and present human adoption. According to him, this will help simplify the things known to people and create a layer to take care of the strange things.

Similarly, Jake San Diego, a Co-founder and Chief Business Development Officer, said that MetaverseGo offers an “all-in-one” solution to guilds, managers, and players. San Diego averred that such a solution would allow people to communicate with their manager or sub-manager if they are scholars.

MetaverseGo platform possesses a feature that shows players games or projects rated as legitimate by the community. This is done to reduce the rate at which gamers dabble in fraudulent gaming projects.

Related

• Trend Micro identifies flaws in metaverse safety progress
• Tinder backtracks on its metaverse investment
• Why Metaverse Cryptos are Critical to Blockchain adoption