Space Metaverse has raised $7 million in fresh funding to continue developing its metaverse project that enables users to design their own virtual commerce spaces. The funding round saw participation from Coinfund, Dapper Labs, Animoca Brands, Digital Currency Group, HOF Capital, amongst other investors.

“As the metaverse continues to gain mass adoption and becomes a place where a lot of people meet up to socialize, a natural evolution is commerce, which is what Space is focused on,” said Space founder Batis Samadian. “Users will want to be able to view shows, buy items, sell items and engage with digital goods within the metaverse.”

Space offers tools to help users create virtual spaces, such as shops, galleries, or music venues. Here, they can provide custom virtual goods for sale. All aspects of the stores are highly customizable and integrated, with point-of-sale tools powered by Stripe.

Moreover, other users or potential customers can access these spaces through a desktop app, web page, or a VR headset, making the metaverse platform highly accessible. The platform unveiled an early-access alpha version earlier this month to provide limited access to about 10,000 users. The version features several virtual spaces, such as hangars, concert halls, amphitheaters, motor shows, music rooms, art rooms, and more.

Space aims to allow its users to monetize their artwork, music, and other items as virtual assets in the form of NFTs that can be owned and traded.

“Space is building the Shopify for the metaverse to enable creators to sell their digital items in a turn-key fashion and allowing users to purchase it,” said Samadian.

Follow us on LinkedIn

Read other Articles