3 years ago

Caduceus Secures $4 Million for Metaverse Protocol Development

  • Caduceus, a UK-based metaverse protocol provider, raised $4 million in Series A funding

  • The round was led by Susquehanna International Group and BlockFills

  • Caduceus is developing a suite of developer toolkits and hardware solutions that create a rich environment for metaverse development

  • The company intends to use the funds to expand development of its decentralized rendering and edge cloud computing as part of the protocol.

      • ProblemTechnology

      "Building and running a metaverse is expensive, slow, and complex. Current solutions rely on centralized servers, leading to high transaction costs, security risks, and limited scalability."

      Solution

      "Caduceus provides a decentralized, modular blockchain infrastructure for the metaverse, enabling developers to build, finance, and seamlessly connect 3D worlds and digital assets across different platforms. Their edge rendering and cloud computing technology delivers a high-quality, immersive user experience."

      Covered on