Lumos Labs raises $1.1 million in funding; launches developer-centric metaverse platform

• ByStartupStory     |    May 27, 2022

Lumos Labs, a Singapore-based innovation management firm has raised $1.1 million in a seed round led by Global Web3 venture fund, Delta Blockchain Fund, which also included investors from VCs- Superblock, Next Web Capital, Arcanum Capital, AG Build, Paradigm Shift Capital, and multiple well-known angel investors from the Web3 ecosystem.

With a strong community of 60k developers, the firm aims to develop a unified builder identity by combining Web3.0 potential in the experiential style of a metaverse platform.

Founded in 2005 by Raghu Mohan, Kaavya Prasad, and Vasudhendra Badami, Lumos Metaverse addresses this critical aspect for developers by bringing all of the major players in the Web3 ecosystem under one roof in the metaverse platform, allowing developers to explore various opportunities from these chains and foundations, as well as leverage their various programs to hone their Web3 skills. Creates a common community of Web3 developers to assist chains and foundations with their programmer interactions, effectively providing a win-win situation for both organizations in the ecosystem. This metaverse establishes a universe where creators may connect, collaborate, and construct inside a single system.

Kaavya Prasad the founder of Lumos Labs stated that “Lumos Labs was built with a vision of bringing blockchain technology to the forefront for developers and founders and over the years, we have run multiple programs with over 40 Web3 partners while building a strong community of developers to achieve that goal. With the transition to the Metaverse, we are now striving further to strengthen and enable Web3 developers as they access several global opportunities, incentives, and knowledge on a single dedicated platform”

The Metaverse will be an engaging network for aspiring developers, entrepreneurs, and Web3 companies that will allow for verified developer profiles, Web3 learning, recruiting possibilities, and frequent rewards for developers as they improve their skills.

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