As stated in today’s announcement, the MetaDojo metaverse platform has successfully raised $3 million during a seed investment round attended by numerous funds and venture capital offices. The funds raised will be used to build more affordable and accessible metaverse premises.
The seed round was attended by a range of world-class investors from the institutional sector. The round was headed by DFG as the lead investor, with OKEx BlockDream Ventures, Altonomy Ventures, NGC Ventures, and Jsquare Group as co-lead investors.
Other investors participating in the round included Walsh Wealth Ventures, Good Games Labs, PAKA Fund, NFT Tech, IBC Group, Illusionist Group, TsingTing Capital , OnBlock Ventures, Black Ventures, Exnetwork Capital, Moon Capital, Vendetta Capital, LD Capital, TPS Capital, and Azer Capital.
“The institutional interest that we have witnessed during the seed round is clear evidence of the demand for solutions we are developing. The investments will be leveraged in full to make sure MetaDojo can develop and scale to cater to the market and to provide the full scope of solutions it was initially designed for,” as stated by Echo Guo, CEO of MetaDojo.
The participation of DFG – a leading global blockchain and cryptocurrency investment firm – is of exceptional note. The company specializes in investments in such sectors as CeFi, DeFi, NFTs, and Web3.0. The advent of the metaverse market has given the firm an additional avenue for expanding its business. The investment in MetaDojo is a clear indication that DFG has meticulously studied the platform and found it promising as a long-term investment portfolio addition.
The MetaDojo team has stated that over half of the funds raised will be allocated to technical development, as well as backend and frontend tuning. The refining of the gameplay experience and internal marketplace will be included in the said allocation. Another 20% will be spent on marketing support and community-building. A 10% portion of the funds will be directed at covering operating costs, and the remaining 5% are slated for covering partnerships.
The MetaDojo is a metaverse platform revolving around Dojos – versatile and customizable 3D buildings that can be seamlessly embedded into websites or deployed to metaverses. The digital venues can be used to showcase NFT collections or products and services. Owners of the Dojos can also reward their users for various activities and give them the opportunity to attend virtual events and meetings. The MetaDojo platform relies heavily on its content contributors, turning them into professional service providers on its native marketplace.