• DeHorizon raises $8.5 million to bring its Metaverse game DeVerse to life

  • DeHorizon Foundation, the team behind the metaspace concept DeHorizon, announced that it has closed an $8.5 million pre-Series A funding round led by Sfermion, Dragonfly Capital and Everest Ventures Group.

    According to a press release, a range of investors also participated in the round, including Animoca Brands, Yield Guild Games, Mechanism Capital, Gumi Cryptos Capital, Infinity Venture Crypto, Akatsuki Inc. BitScale, Republic Realm, Youbi Capital, Bybit, and others.

    The new capital will help the company accelerate development of its DeVerse game and grow its team, the company said.DeVerse is DeHorizon’s upcoming blockchain-based game that offers role-playing opportunities for massively multiplayer online games, or MMORPGs for short, in a “savage version of a high fantasy action-adventure game,” it said.

    In the game, which targets the metaspace concept, DeVerse players can explore and take part in battles, mint unforgeable token monsters, mine resources, undertake quests and tame wildlife, among other things, the company said.

    The fundraiser adds potency to the evolving world of metaverse – the metaspace concept world often used to describe the future of the Internet – in which the physical and digital worlds unite in a shared virtual space.

    In recent months, the concept of metaspace has taken the cryptocurrency world and mainstream media by storm. Metaverse upstarts like Axie Infinity have launched betting plans, while established social media platforms like Facebook have embraced the term; CEO Mark Zuckerberg says Facebook will become a “Metaverse company.”

    Going forward, DeHorizon plans to develop more blockchain-based games and build more partnerships with artists, celebrities and others to “make their metaverse a reality,” it says.

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