MATRIX WORLD RAISES $5.5M

Angel round funding sees Matrix World raise $5.5M at a $50M valuation!

Today, we’re announcing an exciting milestone for Matrix World. Matrix World has raised $5.5M in angel round funding led by Tess Ventures, Everest Ventures Group, Com2Us, and Y2Z Ventures.

In total, 17 companies participated in the angel round. These partnerships will help to expand the Matrix World network and the funding will be used to support the growth and development of the Matrix World project.

If you haven’t heard the term ‘angel round’ before, it refers to the first infusion of capital by outside investors during the early stages of a project or startup. Angel investors are usually well-established companies or individuals with investment experience. These investors also provide access to resources and a wealth of knowledge that can assist in the growth of the project.

What is Matrix World?

Matrix World is an exciting next-generation, multichain metaverse where users can create, connect, explore, and play like never before. The open-world enables users to build immersive 3D applications on top of several different blockchains via Turing-complete programs and hopes to improve the metaverse experience for users and creators alike. The metaverse will also feature low-code creation tools to make building accessible to users of all skill levels.

What has happened since launch?

Since the project’s launch in October 2021, there have been numerous developments, including:

• Over $7M in secondary market trading volume.
• Flow Blockchain, Dapper Labs, Phanta Bear, and many others announced plans to build in Matrix World.
• Verified listings on OpenSea, BloctoBay, and Rarible.
• Map feature upgrades, including the ability to add images and 3D models to map tiles.
• Avatar and Land gameplay demos.

What’s happening next?

This year’s plans include:

• Community and brand globalization
• Version 1.0(Alpha) release “A Traversable World”
• Matrix World Builder and Developer API & SDK release
• Version 2.0 release “A Programmable World”

Who’s behind Matrix World?

The team behind Matrix World is a group of like-minded blockchain enthusiasts named Matrix Labs. They have established notable project partnerships, including Dapper Labs, Flow Blockchain, Ezek, Mask Network, ChainIDE, and more.

Matrix Labs was also the technical partner behind Phanta Bear, the wildly popular NFT project created by PHANTACi and Ezek. After the successful sellout launch, the project was dubbed ‘The BAYC of the east.’

Who are the seed round investors?

Lead investors:

Tess Ventures — Tess Ventures was founded by Tess Hau, an investor and advisor to high-performing startups in Web 3.0, NFTs, Metaverse, GameFi, and DeFi. Investments include Animoca Brands, Salad, DeHorizon, and Metaverse AI. Tess was featured in Thrive Global’s list of “Top Women to Watch”.

Everest Ventures Group (EVG) -. Everest Ventures Group (EVG) is a venture studio focusing on the incubation and investment of Web 3 ventures. Since 2018, EVG has incubated Kikitrade, Aspen Digital, Vibra Africa, BlockTempo, Cassava, LiveArtX, and Adaverse and has invested in 30+ blockchain projects globally, including Animoca Brands, Flow / Dapper Labs, Kraken, Upbit, Lukka, The Sandbox, Immutable, Phanta Bears, and now Matrix World.

Com2uS — Established in 1998 as the first mobile game company in South Korea, Com2uS is making a new leap as a global comprehensive content and platform company incorporating blockchain and metaverse. Com2uS has proven its competitiveness in the global game industry through its hit IP’s in various genres, including Summoners War: Sky Arena, Baseball Superstars, MLB 9 Innings, and Ace Fishing: Wild Catch. Com2uS continues to set a global digital paradigm by establishing various Web 3.0 games based on a blockchain game platform, C2X, and an all-encompassing metaverse platform, ‘Com2Verse.’

Y2Z Ventures — Y2Z Ventures is focused on supporting young people and startups in building Metaverse infrastructure and Metaverse content. Their portfolio includes companies such as White Matrix, Tap Fantasy, RSS3, Mask Network, Blocto, Ovo, and many more.
“From yesterday to Gen Z, in Metaverse, We Buidl.” — Y2Z Ventures

Other investors:

Dapper Labs — The makers of NBA Top Shot and Flow Blockchain

Animoca Brands — A global leader in gamification and blockchain with a large portfolio of over 150 investments in NFT-related companies and decentralized projects

Sky9 Capital — A leading venture capital fund focusing on innovation themes around technology

Bonfire Ventures — Early-stage investors

SevenX Ventures — Blockchain venture group

Fenbushi Capital — Blockchain venture capital

Hash Global — Web 3.0 & Crypto Investor

ArkStream Capital — Blockchain venture capital

SecondLive — Diverse 3D Virtual Space creators

Moon Capital — Founder VC in Web 3.0 & Metaverse

PANONY — Incubator, investor, and advisor in Web 3.0

LucidBlue — Blockchain, digital asset, and digital finance venture group

MatchA — Blockchain, Artificial Intelligence, and cloud-focused investment fund

More Infomation

For Matrix World updates, follow the official Twitter and Discord

Their official Land collections can be found on OpenSea(ETH) or Rarible(FLOW).