Mobile gaming platform MetaverseGo recently announced a $4.2 million seed funding round led by Galaxy Interactive. The round also saw participation from Delphi Digital, Dragonfly Capital, Mechanism Capital, Infinity Ventures Crypto, Shima Capital, Com2uS, Akatsuki, Ascensive Assets, BitScale Capital, Yield Guild Games (YGG), BreederDAO, Mentha Partners, and Emfarsis.
The British Virgin Islands-based company launched in March 2022, with the bulk of its staff operating out of the play-to-earn hotspot in the Philippines. According to the company, MetaverseGo received an initial valuation of $40 million. The new capital will apparently be used for software development, securing partnerships with telecommunication providers, and strategic hires.
MetaverseGo allows users to sign up and start playing games, like the popular Axie Infinity, using just a cell phone number. It then sets up the players’ wallets and grants them access to digital assets owned by gaming guilds such as YGG. The aim is to provide fast and easy access to play-and-earn games for users new to the space. With the ability to access multiple play-to-earn games in four simple steps.
