- Metaplex fetched $46 million from an investment round to expand gaming and metaverse applications.
- The investment round co-led by Multicoin Capital and Jump Crypto.
- Metaplex has created over 5.7 million digital collectibles for 85,000 projects.
Metaplex, a Solana-based non-fungible token protocol has fetched $46 million from token sale to embrace the metaverse concept. The investment round was led by Multicoin Capital along with Jump Crypto.
Snoop Dogg has also announced support to this investment round by posting a tweet from the Cozomo de’ Medici Twitter account. Also, he has also revealed a plan to buy some NFTs from Metaplex.
Many other investment participants were also present in this funding round including Solana Ventures, Alameda Research, and Animoca Brands. More than 90 individuals have also participated including NBA legends Michael Jordan and Allen Iverson.
The investment round is organized through selling tokens. The token round will help Metaplex foundation to provide back to metaverse and gaming projects.
Metaplex marketplace was launched in the last year after getting support from cryptocurrency exchange FTX. Last year after getting hype in the NFTs, creators generated over $17 billion in sales.
With the boom in the NFT, one new concept ‘Metaverse’ also arrived. Metaverse is the fascinating concept of 3D virtual and augmented reality. Currently, many NFTs firms have taken dives into metaverse development.
Metaplex is following NFT and metaverse trends and to make betterment on the platform the company has hired former Google developer, Adam Jeffries as a new CEO.