Decentralized Cloud Gaming Platform Portalverse Network Closes Multi-Million Dollar Seed Funding Round
Portalverse Network, the first decentralized cloud gaming and rendering network, has announced the close of a multi-million-dollar seed round, bringing its total valuation to $45 million. This round saw participation from Big Brain Capital and Cogitent Ventures, Octopus Network, 2Moon Capital, and several angel investors.
Kinson Hou, founder, and CEO of Portalverse Network, has expressed his goal to redefine the cloud gaming industry with blockchain technology:
“It’s time for real value creation in the Web3 space. Portalverse Network will use the capital to accelerate the building of the ecosystem, bridging the gap between Web3 Metaverse contents and Web2 users.”
Dwayne, the founder of Big Brain Holdings said:
“We are excited to support the Near ecosystem and the Portalverse team as they scale blockchain applications,”
Additionally, Portalverse has received financial and technical support from new strategic partners in the Near Ecosystem, including the Octopus Network and the Fusotao Protocol.
Louis Liu, the founder of the Octopus Network, added :
“Metaverse now faces scaling challenges and one of the largest bottlenecks is rendering. Portalverse provides a decentralized solution to address the problem.”
The Portalverse protocol gives everyone access to the future Metaverse. The network creates a cloud-native protocol for streaming games and interactive content via its unique consensus algorithm Proof-of-Streaming(PoSR) to provide MaaS (Metaverse as a Service) infrastructure. By combining real-time streaming technology with blockchain-based incentive and verification mechanisms to form a vast edge computing network, the protocol moves Web2 users to Web3 at a low cost while allowing developers to fully utilize the network’s next-generation and cloud-based rendering solution to scale their project across multiple platforms in the most cost-effective manner.
Portalverse Network is committed to building a distributed edge cloud rendering network with Miners, Content Providers, and Player Communities, where anyone will be able to access truly immersive virtual worlds with any device, anytime, and anywhere.
Connect with Portalverse:
Website: https://www.portalverse.net
Twitter: https://twitter.com/Portalverse_net
Discord: discord.gg/2jZ9brH2aJ
