VR blockchain game startup Metamall announced a $4.6 million funding round

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Metamall, a startup that provides virtual reality experiences on blockchain that let users build, explore and transact in their own virtual malls, recently announced that it had completed a $4.6 million round of funding through a token sale.

Image source: Metamall

Participants in this round include 316VC, CSPDAO, MarsVC, WLI Capital, BullPerks, HVS Ventures, CCK Ventures and others. Metamall said it has sold $1 million worth of virtual land.

The sale of virtual digital land has become an important aspect of constructing different virtual worlds that will one day be merged into a "metacosm". Other products of the same type include the popular Decentraland and Sandbox.

Metamall was founded in 2021 by Serge Gianchandani, who holds 12 patents for 3D and VR images. The company said in a statement that it will use the funding to expand its technology and marketing teams and work with technology platforms and designers to build its retail and gaming experiences.

Gianchandani said in a statement: "We've seen generations of users spend quality time in the metaverse playing games, social networking, and creating wealth. Metamall is a fusion of metaversalities, NFTs, and cryptocurrencies that enrich user experiences and allow brands, individuals, and experiencers to connect with their audiences. As this journey moves on to the next stage, we are very excited. "

Built on the Solana blockchain network, Metamall has a native token MALL where users can buy virtual real estate and make money through leasing, staking, advertising, and development.

MetaMall aims to transform everyday tasks such as shopping, socializing, and business interactions into immersive experiences powered by VR technology. It features separate areas for commercial real estate with shops, showrooms and commercial interactions, as well as lifestyle experiences such as casinos, clubs, VR games and NFT art galleries.

Source: economictimes