Top 5 Metaverse Startups Building The Bridge To Cultural Gaps
The Metaverse is an amalgamation of augmented reality (AR) and virtual reality (VR) technology. It enables users to build online spaces and occasions where digital representations of themselves and other users can live and interact. The western globe is not the only region that has developed a renewed affinity for the Metaverse. Indian businesses are also making significant investments in the Metaverse. Many businesses are already prepared to launch initiatives, goods, and properties in the world of Metaverse startups.
These five Metaverse startups show how the Metaverse may overcome cultural differences.
IKonz created a wealth-building platform with the goal of utilizing NFTs to introduce renowned IP and the largest cultural figures into the Metaverse. The business focuses on helping IP owners, artists, and other well-known figures manage, sell, and monetize their digital assets by navigating the complexity of technology and comprehending various forms of monetization and upscaling. On March 7, 2022, the business secured undisclosed seed capital in a Village Global and Woodstock Fund-facilitated deal. The money will be used to hire top tech personnel, ramp up artistic talent from all over the world, and remove NFTs from its different IP partners. Polygon Studios took part in the round as well.
The owner of an immersive platform modeled after a university, Invact, aims to increase employability through high-quality education. The company’s platform combines the virtual and physical worlds to provide a substitute MBA program that focuses on key business processes and job skills like marketing, product management, and many more. This enables both new hires and seasoned professionals to take advantage of socially immersive learning experiences from the comfort of their couches. In February 2022, the business secured $5 million in seed capital in a deal, raising its pre-money worth to $28 million. 68 additional investors joined Antler India and them in the round.
The creator of LOKA, a metaverse application that enables users to communicate with people from all across the world. The company’s platform provides users with a metaverse multiplayer gaming application that is designed for social engagement, gaming, E-commerce, content, and entertainment and offers real locations and experiences to the user. This allows users to have a genuine gaming and social engagement experience. On March 2, 2022, the business received INR 1.33 million in angel capital from Anupam Mittal, raising its pre-money valuation to INR 15.30 million.
Also, read – Investing in the Metaverse: Risks and Rewards
4. Gaming technology from Atirath
The creator of a gaming website with an Indian mythology theme. The company’s platform develops entertaining and strategy-based games for smartphones that feature distinct subcontinental cultural themes and aspects, making it easier for gamers, content producers, and game publishers to interact. On February 7, 2022, the company received initial funding from Kalaari Capital in an undisclosed amount. The money will go into improving the company’s workforce, and getting ready for the Metaverse.
5. Wall app
The owner of a social discovery platform designed to facilitate communication in social communities built on blockchain technology. The company’s platform enables users to bridge the gap between creator and community by providing a way for them to communicate with one another without ads and revenue sharing from third parties. It does this by converging cross-chain activities, digital collectibles, access to creators and artists, and discovery activities in NFTs and DAOs. On January 3, 2022, the company received $1 million in seed capital from Woodstock Fund, Arcanum Capital, and Lancer Capital. In addition to Lumos labs, the round also included participation from Tushar Aggarwal, Deepanshu Tripati, Ahmed Al-Balaghi, Aniket Jindal, Sachin Tomar, Prabhakar Reddy, and Raghu Yarlagadda. The money will go toward scaling product technology, marketing, customer acquisition, and organic and inorganic expansion.