REALM Gets $10 Million for an Infinitely Scalable Metaverse
The Play2own REALM metaverse platform has received a $10 million investment from LDA Capital, a global investment group, to increase the availability of the metaverse and accelerate product development. The leading brand in space
REALM's goal is to position itself as a leading brand in this field, start offering more virtual capabilities (spheres), improve its creation tools, and make the platform hardware independent. REALM CEO and founder Matthew Larby commented:
We are excited to partner with LDA as they truly understand our vision and mission to reduce barriers to entry into the metaverse for brands and players. Our hybrid crypto and fiat platform reveals the full power of the blockchain without the need for bridges, wallets or the impact of registries on the environment. Thanks to LDA's commitment, we will be able to create an infinitely scalable metaverse that equally supports our creators, brands and community.
Warren Baker, managing Partner at LDA Capital, added:
LDA Capital is enthusiastic about REALM improvements for virtual games and worlds. REALM will allow core users to interact and participate in the metaverse, whether it's participating in events, buying real estate in the form of an NFT, or creating their own microuniverses using simple tools. REALM accelerates a whole new economy.
By 2029, the global metaverse market will reach $1.5 trillion
Experts predict that the global metaverse market will grow rapidly in the near future. Its value of $100 billion in 2022 is expected to reach $1.5 trillion by 2029, which is equivalent to a growth rate of 47.6% over this period.
REALM is a major player amid the rapid growth of the industry, transforming the way NFT is displayed and personalized and offering a new way to monetize and customize the space, which represents a revolution in the user experience.
https://coin-signal.com/cryptonews/realm-gets-10-million-for-an-infinitely-scalable-metaverse/
#10, #Cryptonews, #Gets, #Infinitely, #Metaverse, #Million, #Realm, #Scalable
#CryptoNews, #Metaverse