2 years ago

LandVault Raises £2.4 Million to Build 'WordPress' for Metaverse Worlds

  • LandVault, a UK-based metaverse development company, has secured an additional £2.4 million in funding to build virtual worlds for clients in the gaming sector

  • This funding is an extension of a £20.2 million Series B investment in 2021 and comes from investors including Sandbox, HodlCo, the Gemini Frontier Fund, and Kingsway Capital

  • LandVault plans to use the funds for research and development (R&D) to complete its project, Matera, which aims to make metaverse development more accessible

  • The company also plans to invest in AI tools to monetize its products.

      • ProblemTechnology

      "Building virtual worlds in the metaverse is currently a complex and time-consuming process, making it difficult for many people to create their own experiences."

      Solution

      "LandVault is developing a platform called Matera that will make it easier for anyone to build virtual worlds in the metaverse, similar to how WordPress made it easy for anyone to create websites."

      Covered on