Space Metaverse secures $7M in funding for arts and commerce virtual projects

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Space Metawors has raised $ 7 million from multiple venture funds. Funded by investors such as CoinFund, Dapper Labs, Digital Currency Group, Animoca Brands, Hof Capital, and more.

Space is a metavars project that complements art and commerce. It aims to provide tools that allow users to design and build immersive commerce space without hindrance. Its goal is to “create an economic glue to connect different metaways into a parallel society.”

“As metavers continue to be mass adoption and become a place where a lot of people gather for socialization, natural evolution is the commerce that space focuses on,” said Betis Samadia, founder of Space. “Users will want to be able to watch shows, buy items, sell items and engage with digital goods in Metawors.”

Space Products has recently launched the Early Access Alpha version which has the capacity to host more than 10,000 users. The project has gained more than 100 partnerships with leaders in the fields of art, fashion and music.

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Above: Art in the Space Metavers.

Image Credit: Space Metavers

Big investors in space

Notable investors are big players in metavers, crypto, NFT and decentralized asset space.

CoinFund has a portfolio of over 60 investments. The Digital Currency Group has invested in more than 150 groups and projects. Dapper Labs is the maker of NBA Top Shot as well as other blockchain-based games. Animoka Brands is both a venture capital company and a blockchain game company. Hoff Capital is a venture capital company with investments in companies such as Epic Games, Niantic and Team Liquid, as well as dozens of others.

Space hopes to use the funds provided by these investors to develop as a hub for social commerce experiences with Metavers. It seeks to enable new and exciting ways to stimulate a vibrant user-owned economy.

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