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Metaverse Creation Platform MetaSpace & SpaceY 2025 Closes A Series with $21 Million

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San Jose, California–(Newsfile Corp. – November 12, 2021) – In the next 100 years, there will be two great migrations of mankind. One to space and planets like Mars. The other to a digital parallel world in the Metaverse. This will finally be another contribution to the continuation of civilization and to realize the immortality of life. MetaSpace is a metaverse creation platform and has recently released the first tower defense game created with MetaSpace, SpaceY 2025.

Figure 1: Metaverse creation platform MetaSpace & SpaceY 2025 closes A series with $21 million

SpaceY 2025 not only excites many KOLs and 120,000 player and community fans worldwide, but also numerous high-profile investors. The 3D Metaverse sandbox game about colonizing and defending Mars raised a total of $ 21 million in tokens and equity in its recent series A round: Among them are Ash WSB, Draper Dragon, Formless Capital, Huobi Ventures and Magnus Capital – just to name a few.

For Robin Duan, founder of SpaceY 2025, the metaverse cannot be built using the original Transmission Control Protocol/Internet Protocol Internet architecture. Through the ERC-721 and ERC-1155 protocols, it is possible to clarify ownership in the virtual world. “The Metaverse introduces a new universe where each of us can be the creator in this parallel world. The oasis in Ready Player One and cyberspace in Cyberpunk 2077 become reality,” says Robin, who has more than 20 years of experience in online games.

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Dora Yue – Founder of OKEx Blockdream Ventures shares insights on GameFi and Metaverse and the reasons for investing in Spacey 2025:

“Axie Infinity soared violently from 0 – 3 billion in 3 years, a game to breed & battle with 1.85 million DAUs, which gamers could earn by Play. SpaceY 2025 is one of the most graphic examples of new-edge gaming experiences, where the community or game players could easily connect and own their property with NFTs, exploring the Mars LANDS and trading the valuable creations such as Martian assets and other digital items freely governed by its DAO.”

Harry Yin – Researcher from Huobi Ventures on why SpaceY 2025 was added to the portfolio as a Metaverse and GameFi project:

“The metaverse is the future of online gaming, and hardcore gamers have always expected it. Huobi Ventures decided to invest in SpaceY 2025 because it is a revolutionary project. It’s worth noting that the SpaceY 2025 team is one of the first teams to do a 3A project.”

Richard Wang – Partner of DraperDragon Fund about the investment in web3.0 and SpaceY 2025:

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“Draper Dragon has invested in Web3.0 based on the belief that it is an essential new development. The Metaverse, as a new lifestyle of human civilization, will definitely be based on Web3.0. That’s why Draper Dragon invests in innovative projects that can bring the Metaverse further into everyday life – like SpaceY 2025.”

Jonathan Allen – Co-founder of Magnus Capital on the decision to fund SpaceY 2025:

“The Metaverse and GameFi have captivated an industry known for innovation. SpaceY 2025 aims to push those sectors to new heights with their beautiful game design, polished looks, and diverse ecosystem. Magnus Capital is honored to support a team as passionate and experienced as Blockfish on their journey.”

Ash – Founder of AshWSB sharing the reasons to invest in the Metaverse and the GameFi sector in general and SpaceY 2025 in particular:

“The metaverse is going to be the next innovative space bridging different opportunities across everyone whether it be social, finance or gaming sector. SpaceY 2025 is delivering the essential components to garner my attention as an impressive project.”

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Juliet Su – Partner at New Tribe Capital explains what led them to allocation into the Metaverse and GameFi sector and SpaceY 2025:

“New Tribe Capital views the Metaverse and Gamify sector as one of the fastest growing sectors in the blockchain ecosystem for the next decade. SpaceY 2025 is a project that gamifies the blockchain by offering players incentives to earn while playing. (…) New Tribe Capital could not resist investing in such a revolutionary project.”

Văn Quân – Co-Founder Titans Ventures on Metaverse and SpaceY 2025:

“Metaverse is expected to be an attractive investment that will bring many great solutions to humanity. SpaceY2025 has an excellent vision and is built by a very well-trained team, which makes Titan Capital believe in the future success of Metaverse NFT Blockchain and opens more opportunities for crypto investors.”

Cecilia Li – Director of Formless Capital, explains the reasons for investing in SpaceY 2025, Metaverse and GameFi:

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“Formless Capital believes GameFi can be one of the best opportunities for blockchain projects to finally achieve mass adoption and real use cases with solid, organic community engagement. Formless Capital has known the founder for many years and believes in his skills and experience. The studio has already launched very successful tower defense games. The Mars theme is also very appealing and the polished graphics and rendering quality will provide an advanced blockchain gaming experience.”

About SpaceY 2025

SpaceY’s vision is to become one of the leading open-source metaverse platforms that allows all players with or without programming skills to easily create independent games. That is how they want to realize their mission: use blockchain technology to inherit human culture genes and create a virtual parallel world based on a silicon-based civilization through NFT assets.

The investments will fund the further development of the SpaceY game series. A beta version was already published on the website in July 2021. The full version is expected for the end of November 2021. Additional versions for Steam and mobile gaming are planned for 2022. The team will continue to improve the game in order to offer its fans great and completely new gaming experiences while they are also benefiting financially through the “play-to-earn” concept.

More about SpaceY 2025

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Website: https://www.spacey2025.com

Twitter: https://twitter.com/spacey2025

Telegram (International): https://t.me/Spacey2025

Telegram (Chinese): http://t.me/SpaceY2025Chinesecommunity

Telegram (Russian): https://t.me/SpaceY2025_Russian

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Telegram (Arabic): https://t.me/SpaceY2025Arabic

Telegram (Vietnamese): https://t.me/SpaceY2025Vietnam

Discord: https://discord.com/invite/cUeNS8UzGW

Email: [email protected]

Learn more about SpaceY 2025: https://cointelegraph.com/press-releases/spacey-2025-metaverse-v1-is-online

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How to try SpaceY 2025: https://spacey2025.medium.com/step-by-step-how-to-get-into-the-v1-of-space-y-2025-ffaa0ac37ba5

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103321

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Alpha Sigma Capital Research Releases May Report on ASC AI Index

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Blockchain

Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet

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Squad Labs announced that its Series A funding round, led by Electric Capital with participation from RockawayX, Coinbase Ventures, L1D, Placeholder, and Mert Mumtaz, will propel the launch of its Fuse smart wallet. The company aims to establish Fuse as a premier solution for securing and compounding personal digital wealth amid the growing onchain economy.

According to the company’s news release on June 12, smart accounts and smart wallets are gaining traction across blockchains as they offer a more intuitive, secure, and programmable user experience. Fuse abstracts seed phrases and provides features like wallet recovery, 2FA capabilities, and enterprise-level security for personal custody, simplifying the choice of storing digital wealth on-chain.

In addition to securing funding, Squad Labs also announced the public testing launch of Fuse on iOS. This move is part of their strategy to expand accessibility and refine functionality ahead of a full market release.

Meanwhile, a recent report from PYMNTS Intelligence explores blockchain’s role in enhancing cross-border payments. It suggests that integrating blockchain can streamline payment processing, enable digital-to-fiat currency conversion, and introduce stablecoins for faster and cost-effective cross-border transactions. Business-friendly decentralized finance (DeFi) solutions further automate and secure transactions via smart contracts, reducing dependence on traditional payment systems and enhancing security and transparency.

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The report underscores the significance of educating businesses and end-users about the benefits of blockchain-based cross-border payments. It advocates for partnerships with FinTechs and proactive engagement with financial institutions to drive adoption and improve industry-wide support for blockchain technologies in payments.

Overall, Squad Labs’ funding round and Fuse’s development represent strategic advancements in blockchain technology aimed at enhancing digital wealth management and transforming cross-border payment landscapes.

Source: pymnts.com

The post Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet appeared first on HIPTHER Alerts.

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