Browser based metaverse gaming platform called Treeverse raised $25 million


In a recent fundraising round Treeverse, a browser-based metaverse gaming
platform raised $25 million from Animoca Brands, Stani Kulechove, IdeoCo Labs,
and Skyvision Capital,
With Treeverse,
players can deploy NFTs in a world that is open and interactive, offering
players a Runescape-style MMORPG. In recent years, metaverse gaming has been
gaining steam thanks to games like Axie Infinity, a PVP game in which animated
axolotl’s battle with each other. Last year, Decentraland also contributed to
the current round of “metaverse” gaming trends.
Blockchain technology has made payments more streamlined. Using NFTs, in-game assets are
monetized without risk of forgery due to decentralized networks and
cryptocurrencies. Also, this type of game has gained an interesting element
with the rise of NFT, which allows users to verify the ownership of
irreplaceable assets.
While
blockchain gaming has long been eying investor and user attention, but it
wasn’t until later that these types of games took off.
This platform -
founded by NFT investors Loopify and Aizea - closed a funding round of 25
million dollars recently, showing the growing popularity of MMORPG-style
metaverse games that create virtual worlds for NFTs.
Founders’
Private Plot, a collection of 10,420 privately owned plots, was also released
on August 1st, which was sold out in an hour for $520 each. These parcels of
land that have exceeded $20 million are currently trading at $7,000 in the
secondary volume.
“Treeverse” is
an online browser-based 2-D pixel art metaverse that is founded by an NFT
investor called Loopify. Players can buy land plots for a fee of $520 each,
where they can teleport to their plot of land and invite others to visit it.
The platform helps the users to build their own customized NFT (Non-fungible token) homes. It has created a lot of hype because it aims to replace other social media platforms, like Discord and Twitter.

Pavan A
CBW - External Analyst
INDIA