Blockchain
Metaverse Creation Platform Metaspace and SpaceY 2025 Closes A Series with $21 Million
San Jose, California–(Newsfile Corp. – November 23, 2021) – Metaverse creation platform MetaSpace raised $21 million in tokens and equity in its latest Series A round with SpaceY 2025.
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.
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.
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:
“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.”
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:
“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
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
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
PR Contact
Website: Crypto World Seo
Contact: Sweta Chatterjee
Email: [email protected]
Telegram: @swetachatterjee
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104663
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest
Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.
The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.
While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.
Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.
A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.
Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.
Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.
Source: cryptonews.com
The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.
Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.
According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.
The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.
ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.
In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.
While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.
Source: iclg.com
The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.
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