MetaMundo, a virtual non-virtual token (NFT) marketplace focused on descriptive poetry, has announced the completion of a $ 2.7 million seed funding round.

Under the direction of Animoca Brands, MetaMundo’s seed funding also included Hypersphere Ventures, Digital Currency Group, OP Crypto, Metaartel Ventures, and angel investments from founders Aave and Rarible, among others.

Built at the Polygon Network level, the platform allows designers and developers to create, sell and license their own NFT assets for use in virtual and augmented reality, as well as in a number of metauniverses, including Decentraland, Cryptovoxels and Somnium Space. …

The announcement says that using the Polygon network gives users lower gas charges compared to the Ethereum network.

According to MetaMundo, the market is expected to launch in the first quarter of 2022 and will contain a large library of items including avatars, wearables, vehicles, buildings and more.

Mark Studholm, co-founder of MetaMundo, explained the technology behind the project:

MetaMundo contains a set of tools that transform, decompile, and enhance the “parent” 3D file provided by the creator of separate “child” files, optimized for each metaverse. We create the main file as a single NFT file using ERC 721 nodes, this parent NFT is a wrapper for the child files and the NFT, so when you compile the original NFT, all the child NFTs come with it. ”
Studholm added that when the platform merges multiple metavers, it “converts and optimizes new subfiles and adds them to the parent NFT.”

Related: Metaverse is a 1TB option after users have zoomed in 10x: Grayscale Report

A research report published by industry giant Grayscale in late November predicted that the metaverse could rise to a trillion dollars in value in the coming years as core audiences actively engage and immerse themselves in these evolving virtual worlds.

Popular metaverse tokens MANA from Decentraland and SAND from The Sandbox have hit new records in recent weeks, a trend partly kicked off by news of Facebook’s Meta hub.

Yat Siu, CEO and co-founder of Animoca Brands, commented on the need for interaction between different metauniverses:

“Interaction is an important feature of the open metaverse. MetaMundo is building a network of 3D creators and tools that enable the creation of the many new open environments of the metaverse that we envision as the future of digital technology. ”

Source: CoinTelegraph