South Korean metaverse AI company XVERSE has completed its private round of strategic investments, paving the way for its upcoming cutting-edge NFT (non-fungible token) ecosystem.
XVERSE closed a $2.7 million private investment round led by leading VCs and visionaries of the industry such as Vestigium, Animoca Brands, and Genesis Block Ventures. Notable investors participating in the funding round include Momentum 6, CMS and Blocore. The fresh capital goes to the protocol and product development, as well as marketing and talent enhancement.
“We are very excited to partner up with our strategic investors. We expect great synergy in metaverse service development and scaling up the business with the strategic investors,” said Jaeyong An, CSO at XVERSE.
“We share the same vision with XVERSE that NFTs can be so much more than digital art; it can unlock access to any unique physical or digital resource, including products, services, and event access. That’s why we are investing in XVERSE, who have exactly the kind of know-how to achieve this vision,” said Charles Yang, partner at Genesis Block Ventures.
Upon completion of the investment round, XVERSE will be focusing on the launch of NFT-powered Fan Community MYPICK, which is slated for June.
XVERSE will also be revealing its first collaboration with famed South Korean rappers, Dok2 and Double K. Fans will have a chance to purchase and trade the unique avatars of their favorite rappers on the platform.
MYPICK allows artists and fans across the globe to communicate and enjoy the fandom together through gamification and technology.
