thecoinrepublic.com
Metaversal is a digital asset curator that focuses on Non-Fungible Tokens (NFTs) projects. On Tuesday, the firm announced that it has completed its ongoing capital raising round. Notably, in the latest round the firm has raised $50 million. According to the official announcement, NFT-focused holding will further expand its investment capabilities in crypto collectibles and metaverse ecosystems. It is incredible to see how NFTs projects are raising billions of dollars in venture funding over the past year. The scenario highlights the heightened demand for the industry.
CoinFund led the Metavarsal’s funding round
Metaversal has successfully raised $50 million in the latest Series A capital accumulation round. Now the firm aims to expand its investment capabilities in one of the crypto ecosystem’s most innovative sectors.
It is notable that the funding round was co-led by CoinFund and Foxhaven investment firm. In addition to that, other ventures also participated including Collab+Currency, Dapper Labs, Digital Currency Group, Franklin Templeton, Rarible, Theta Blockchain Ventures, and Galaxy Vision Hill.