Singapore, Singapore, May 30th, 2023, Chainwire: MetaZone announced today the completion of its US$3 million seed round, co-led by metaverse industry leaders, Sfermion and CMT Digital, to expand their tokenized app platform pioneering the META (Metaverse Enabled Tokenized Application). Other web3 funds participating in the round include Tess Ventures, IOSG Ventures, IVC (Infinity Ventures Crypto), Polygon Studios, MHC Digital, and LucidBlue Ventures.
MetaZone is the first and only platform that enables creators and developers to mint non-fungible tokens (NFTs) for functional 3D digital content and apps that can be distributed in the metaverse. Using MetaZone, each creator’s META is assigned an NFT that represents its value, ownership, and access rights. These NFTs can be purchased and used to install each app on digital land where it can be utilized by the owner and visitors of that land.
The platform also provides a set of developer tools to provide standardized application-grade development frameworks that will enable creators to produce, distribute, and host virtual content (METAs) simultaneously in multiple virtual worlds including Decentraland, Spatial, OnCyber, Vault Hill City and Yuga Lab’s The Otherside.
Andrew Steinwold of Sfermion states, “Supporting the development of metaverse applications will bring the web3 industry toward an inflection point, creating value and engagement needed for metaverse mass adoption and the resulting multi-trillion dollar virtual economy.”
MetaZone has simplified the content upload process down to a few clicks, allowing owners of METAs to directly install digital content onto their virtual lands throughout the metaverse. To date, US$2.5M has been generated by MetaZone’s creators, representing the beginning stages of a new digital economy that will rival the economic outputs of real-world nation-states.
Charlie Sandor of CMT Digital explains, “The metaverse has the potential to usher in a new era of economic opportunity for a wide variety of participants. However, an aspect of its success relies on enabling creators and developers to generate content that is more impactful, functional, and engaging to ensure the metaverse produces experiences and future utilities that make it worth visiting.”
MetaZone’s creators have already made METAs for games, vending machines, interactive music players, and even decentralized exchange machines that allow users to swap cryptocurrency tokens from within the metaverse and owners of the METAs to collect revenue from users. METAs can also enable businesses to distribute their brand presence to willing hosts, who can operate these applications on behalf of the original creators.
Tess Hau of Tess Ventures says, “We’ve already seen the tremendous value created from web2 metaverses such as Roblox and Minecraft when enabling user-generated content creation. MetaZone is well positioned to bring in and expand on those models, ushering in a new open creator economy with direct applicability to all virtual worlds of the future.”
MetaZone CEO, William Gomez, adds, “The application layer will be the driving force behind the trillion dollar metaverse, providing the framework for a vast array of immersive experiences and services that will transform exciting economic activity into a virtual economy.”
As MetaZone continues to expand into multiple metaverses and onboard more creators, the potential for the metaverse is limitless. The success of META creators thus far is just the beginning of what the future holds for this emerging digital economy.
About MetaZone: MetaZone’s mission is to harness the application layer of the metaverse to onboard a billion citizens. MetaZone is the first content distribution platform designed to facilitate the open digital economy. To learn more, visit metazone.io and join the community on Twitter @MetaZoneio.
Contact: CEO & Cofounder, William Gomez, MetaZone, [email protected]