3 years ago

Improbable Secures £115 Million to Build Metaverse Network

  • Improbable, a London-based gaming technology company, has raised £115 million in funding to build a metaverse network called M²

  • The funding round was led by Andreessen Horowitz and SoftBank Vision Fund 2

  • Improbable's platform enables the creation of immersive digital worlds and has partnerships with various industries

  • The company plans to use the funding to further develop its metaverse network and empower organizations to create their own virtual worlds and Web3 businesses.

      • ProblemTechnology

      "Building a metaverse network and ecosystem that lets organisations create their own virtual worlds and Web3 businesses is a complex and expensive undertaking. Many companies lack the resources and expertise to build their own metaverse, and there is a lack of interoperability between existing blockchains, making it difficult for users to move between different virtual worlds."

      Solution

      "Improbable's M² metaverse network provides interoperability between existing blockchains, allowing organisations to create their own virtual worlds and Web3 businesses. The platform also offers tools and services to help companies build and manage their metaverse, making it easier for them to create immersive and engaging experiences."

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