MetaZone has completed a US$3 million seed round co-led by industry leaders Sfermion and CMT Digital, with participation from top web3 funds Tess Ventures, IOSG Ventures, Infinity Ventures Crypto, Polygon Studios, MHC Digital, and LucidBlue Ventures. The funds will help to expand the tokenised app platform that is pioneering META, or Metaverse Enabled Tokenised Applications.
Pioneering Non-Fungible Tokens for Digital Content
As the first and only platform that enables creators and developers to mint non-fungible tokens (NFTs) for functional 3D digital content and apps that can be distributed in the metaverse, each creator’s META is assigned an NFT that represents its value, ownership, and access rights. These NFTs can be purchased and used to install each app on digital land where it can be used by the owner and visitors of that land.
Developing Standardised Frameworks for Multiple Virtual Worlds
MetaZone is also developing a set of developer tools that will provide the correct application-grade development frameworks that will enable creators to produce, distribute, and host virtual content simultaneously in multiple virtual worlds, including Decentraland, Spatial, OnCyber, Vault Hill City and Yuga Lab’s The Otherside.
Revolutionising the Metaverse
To date, MetaZone has already generated US$2.5M from its creators, and has more active creators than Facebook’s Metaverse. The platform is opening up new revenue streams for developers and creators through the distribution of their content across the metaverse. Charlie Sandor of CMT Digital states that “the metaverse has the potential to usher in a new era of economic opportunity for a wide variety of participants” .
Creating a New Digital Economy
METAs allow businesses to distribute their brand presence to willing hosts and enable revenue-generating METAs to create a new economy that resembles real-world franchising. Additionally, METAs have the ability to be embedded with customizable smart contract payment splits that can facilitate multi-party incentive payout structures. This opens up exciting new opportunities for businesses to expand their reach and revenue potential through distributed partnerships in the metaverse.
Expanding into Multiple Metaverses
The success of META creators thus far is just the beginning of what the future holds for this emerging digital economy. As MetaZone continues to expand into multiple metaverses and onboard more creators, the potential for the metaverse is limitless.