With the rapidly growing Web3 and metaverse ecosystem, we have come across hundreds of innovations with the potential to completely alter the world as we know it today. However, a missing link is a clean, easy-to-use search tool for finding the appropriate metaverse experiences.
The Web3 startup, Lighthouse, has raised a $7 million seed round to create the ‘search engine of the open metaverse.’ Accel, BlockTower, and Animoca Brands co-led the funding round that also saw participation from White Star Capital, Sparkle Ventures, and Gemini Frontier Fund, among others.
The company plans to invest the money in growing its team and getting ready for a public launch of its service this summer.
Lighthouse enables users to look through a database of all the ongoing active events within metaverse games, such as Decentraland and The Sandbox. They would also be able to search for their location within these virtual worlds.
The company’s vision is in sync with the initial idea of the metaverse dating back to the summer of 2021. It was then conceptualized as one large, interoperable ecosystem instead of closed pockets of smaller, distinctive experiences and virtual worlds.
Since the data of several of these ecosystems is not publicly available on-chain, Lighthouse needs to partner with them to add them to its database to make them searchable using its platform. Nevertheless, it is still early to evaluate if all the closed metaverses would be willing to put themselves up on a ‘search engine.’ However, backing by well-known investors such as Animoca Brands might help get some projects onboard.
“The closed ecosystem narrative is something that’s not super aligned with the value of Web 3,” said Jonathan Brun, co-founder of Lighthouse. “So far, in every single conversation that we’ve had, we’ve been warmly received by players who see our platform as a tool that can help their ecosystems.”
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