MetaMundo is a virtual token (NFT), that focuses on metaverses. It has completed a seed round of funding of $2.7 million.
Animoca Brands led MetaMundo’s initial funding. This included Hypersphere Ventures. Digital Currency Groups. OP Crypto. Metaartel Ventures. Angel investments were made by the cofounders of Rarible and Aave.
The platform is based on layer-two network Polygon and allows creators and designers to mint, sell, and license their NFT assets in virtual and augmented realities, as well as across a variety of metaverse worlds like Decentraland and Cryptovoxels.
According to the announcement, users will pay less for gas when using the Polygon network than the Ethereum network.
One of the reasons we decided to start building on @0xPolygon: pic.twitter.com/dbY96pWhKv
— MetaMundo (@metamundo_NFT) November 9, 2021
MetaMundo says the marketplace will launch in the first quarter 2022. It will house a large library of items, including avatars and wearables as well as buildings and vehicles.
Mark Studholme, co-founder of MetaMundo, explained the technology behind this project:
MetaMundo offers a suite that optimizes and converts the original 3D “parent” file to create individual “child” files for each metaverse. The ERC 721 contract is used to mint the parent file. This parent NFT acts as a wrapper for NFTs and child files. All the child NFTs are included in the parent NFT when you collect it.”
Studholme said that the platform will integrate more metaverses and “convert and optimize child files and add them to the parent NFT.”
Similar: The Metaverse offers $1T after users grow 10x: Grayscale report
Grayscale, an industry giant, published a research report in November predicting that the metaverse sector will reach $1 trillion in value in the next few years as more people become involved in these virtual worlds.
Popular metaverse tokens MANA (Decentraland) and SAND (The Sandbox) have seen new highs in the last week, partly due to news about Facebook’s metaverse company, Meta.
Yat Siu (executive chairman and co-founder at Animoca Brands) spoke out about the need for interoperability in different metaverses.
Interoperability is a key feature of the open metaverse. MetaMundo has created a network of 3D creators, tools and resources that will make it possible for you to create the open metaverse environments we envision as the future digital experience.