Crypto Beginner

Gaming platform MetaverseGo raises $4.2 million

MetaverseGo raises $4.2 M

Mobile gaming platform MetaverseGo announced that it has completed a $4.2 million seed funding round. MetaverseGo provides gamers easy access to play-and-earn games, guild participation, NFT collection, and other decentralized applications. The funding round was led by Galaxy Digital’s Galaxy Interactive unit with participation from Delphi Digital, Dragonfly Capital, and Mechanism Capital, among others.

The platform, which will be launched during the next month, will allow users to sign up with just their phone number. It will offer access to games such as Axie Infinity and CyBall.

What will the company do with the money?

MetaverseGo is planning to use the money raised for software development, securing collaboration with telecommunications companies, and hiring.

In addition, the company will use the funds to ease onboarding for blockchain-based games. Onboarding is a part of the challenge for blockchain-based games. It involves steps like obtaining a wallet, purchasing crypto, and purchasing gaming assets—which can be difficult for new players.

What does this mean for the future of blockchain gaming?

According to Dapp Radar, gaming dApps accounted for 52% of all blockchain activity in the second quarter of 2022. However, compared to the hundreds of millions of people who play mobile games every day, only about one million play blockchain-based games. So, with platforms like MetaverseGo, blockchain games are set to change the course of gaming.

What is MetaverseGo and what does it do?

MetaverseGo is not a widely recognized term or entity as of my last knowledge update in January 2022. It’s possible that it could be a specific platform, project, or concept that emerged after that date. To provide accurate and up-to-date information about MetaverseGo, I recommend checking the latest online sources, official websites, or news articles for the most recent developments.

How much funding did MetaverseGo secure and from whom?

As of my last knowledge update in January 2022, I don’t have specific information about the funding secured by MetaverseGo or the entities providing the funding. To obtain the most accurate and recent details regarding MetaverseGo’s funding, I recommend checking official announcements, press releases, or financial reports from MetaverseGo. You can also explore platforms like Crunchbase, business news articles, or the official website of MetaverseGo for the latest information on funding and investors.

What are the plans for the funds raised?

The specific plans for the funds raised by MetaverseGo are not explicitly mentioned in the provided search results. To get detailed information about how MetaverseGo intends to utilize the funds, it’s recommended to refer to official announcements, press releases, or the company’s statements on its website.

When did MetaverseGo complete its funding round?

MetaverseGo completed its last funding round on November 29, 2022, securing funds in a venture round.

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