Funding Alert

Plutoverse, a metaverse startup, has secured the support of Polygon Founder Jaynti Kanani


Plutoverse, a technology entertainment firm, said in a statement on Tuesday that it had raised an unknown amount from Polygon’s co-founder and CEO, billionaire Jayanti Kanani.

Plutoverse’s goal, according to the business, is to create virtual identities that may cohabit and mingle in the same shared reality, as well as to present stories that are inspired by and tailored to Gen Z and millennials. The money will also be used to finish the product’s building pieces and get it ready for launch, according to Plutoverse.

According to Kanani, the metaverse is a new technology concept that is rapidly spreading and will impact the internet’s future. Also, Plutoverse will be one of the most significant contributors to this transition.

Polygon

Plutoverse claims to offer a virtual world experience in which users can socialize, play, and earn while interacting with one another through their digital avatars. According to Plutoverse, the launch will take place in the coming months.

Kanani’s investment in Plutoverse comes just days after the Ethereum-based blockchain scaling service provider raised $450 million in a funding round led by Sequoia Capital India, Tiger Global Management, and SoftBank, with over 40 major venture capital firms participating, including Galaxy Digital, Galaxy Interactive, and Republic Capital.

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