What is XVERSE?
Founded in 2021 and headquartered in Hong Kong, China, XVERSE operates at the intersection of virtual reality and blockchain technology. The company is dedicated to developing immersive digital experiences and leveraging decentralized technologies to create new paradigms in the virtual space. Its focus on integrating VR with blockchain positions it as a forward-thinking entity in the rapidly evolving digital landscape, aiming to build the foundational infrastructure for the metaverse.
How much funding has XVERSE raised?
XVERSE has raised a total of $7.7M across 2 funding rounds:
Unspecified
$2.7M
Angel/Seed
$5M
Unspecified (2021): $2.7M with participation from Vestigium, Genesis Block Ventures, and Animoca Brands
Angel/Seed (2023): $5M led by Sfermion, NGC Ventures, and RockawayX
Key Investors in XVERSE
Sfermion
Sfermion is a multi-strategy investment firm that specializes in the immersive internet, particularly focusing on the metaverse. The firm aims to provide investment opportunities in this emerging sector.
NGC Ventures
NGC Ventures is an early-stage venture capital fund that has been investing in blockchain technology since 2017, focusing on infrastructure. The firm has made significant investments in projects like Ziliqa, Solana, Avalanche, and Filecoin.
RockawayX
RockawayX is a venture capital firm backing leading Web3 funds and founders. Based in London, Zurich and Prague, we focus on long-term value creation by providing engineering, liquidity and community support.
What's next for XVERSE?
The recent major strategic investment signifies a pivotal moment for XVERSE, likely enabling the company to accelerate its product development, expand its market reach, and further solidify its position in the competitive VR and blockchain arena. This capital infusion is expected to fuel innovation, potentially leading to new platform features, strategic partnerships, and enhanced user experiences. The company's trajectory suggests a strong emphasis on scaling its operations and capitalizing on the burgeoning opportunities within the immersive internet.
See full XVERSE company page
