MetaDojo has successfully raised $3 million in its seed round fundraising, speeding up its goal to build more accessible and affordable Metaverse premises to users globally.
A range of world-class investors backed the new project with the seed round led by the Digital Finance Group (DFG) alongside participation from other investors including OKX, Block dream ventures, NGC ventures, Altonomy venture, JSquare Group, Walsh Wealth Ventures, PAKA Fund amongst others.
According to MetaDojo, as much as “60% of these funds will be spent on technical development including Dojo exterior and interior design, in-game experience, and building the Marketplace.”
“20% is budgeted for marketing and PR because these activities are of particular importance when it’s time to tell the world about our Web2 bridging solution. 10% has been allocated to operating costs, while 5% to upcoming partnerships to enrich the MetaDojo ecosystem.”
The backing from the Digital Finance Group (DFG), one of the foremost cryptocurrency investment firms around the globe with the main focus on NFTs, DeFi, CeFi, and Web3.0, further lends massive credibility to the future of the metaverse that MetaDojo is looking forward to creating.
According to James Wo, the CEO, and founder of DFG;
“Looking at the Metaverse industry at the moment is very exciting, we are at an early stage and the quality and quantity of projects is impressive, however, we’ve witnessed a generalized focus on the real estate aspect of the Metaverse, which still leaves a great number of important gaps to be filled. MetaDojo is a great reference point due to its value-adding to the industry focused on a niche part of this futuristic sector.”
Formerly Known OKEx whose brand name has now changed to (OKX) also backed the startup with Dora Yue, the founder of OKX Blockdream Ventures noting that the support for MetaDojo was hinged on its “diversity and bridges for various metaverses,” all of which it will deploy to redesign “the experiences of business, communication, designation, and gameplay.”
While MetaDojo saw impressive Venture Capital participation, it has also seen its influence in the community grow over time. With stakeholders in the emerging metaverse world confident in the program the startup is building, the new funding round will successfully push it to its new major landmark.