Metroverse Pte. Ltd., the company formerly known as the Coinerz Group, intends to officially announce the birth of a newly opened metaverse that has been created with the support of MIND FUND’s “Breakthrough” incubation program, providing both capital and mentorship. Are included.
MIND FUND is an early stage investor in fantastic Web3 success stories, including ANIMOCA BRANDS, THE SANDBOX, and HEDERA Hashgraph.
The company, which has also invested in BYTEDANCE – the owner of TIKTOK – has been working with Metraverse CEO James Malach for several months to incubate their business model and provide the necessary support and guidance that will help them to expand their operations in the upper reaches of the country. will allow it to take place. web 3 world.
The name Metaverse, or ‘Me Traverse’ (I Travel), is a play on words to describe the fully augmented reality open metaverse they are working on.
“We are looking for a Metaverse project that will truly complement the sandbox and ‘open metaverse’ philosophy that we shared with our partner Animoca Brands since 2018, when we first discussed their approach to NFT-based digital asset rights. That should underpin the Open Metaverse so that players can move stuff between the Metaverses.”
“We believe we have found that special project at the Metaverse. We are so excited to have the opportunity to support James, Alex and their amazing team because the work they are doing really takes everything to the next level! Mind Fund hasn’t been so bullish about the company’s future since investing in the Sandbox seed round in 2019.
“We’ve seen them surpass all expectations, and we believe the amazing fantasy world of the Metaverse will complement the open Metaverse perfectly. Together, we’re going to make it all.”
James Malach, Founder and CEO of Metaverse, commented, “Since January, we have doubled the size of our full-time team, and we are now being closely watched by some of the industry’s leading players. Thanks to the help and guidance of Mind Fund Thank you, we’re well prepared for what’s to come. The future will be quite a ride, and getting there is half the fun!”
More about him at The Metaverse and Mind Fund