MetaZone Secures Funding to Expand the World’s First Tokenized App Platform for the Metaverse

Singapore, Singapore, May 30th, 2023, Chainwire

MetaZone announced today the completion of its US$3 million seed round co-led by metaverse industry leaders, Sfermion and CMT Digital, to expand their tokenized app platform pioneering the META, (Metaverse Enabled Tokenized Application). Top web3 funds Tess Ventures, IOSG Ventures,IVC (Infinity Ventures Crypto), Polygon Studios, MHC Digital, and LucidBlue Ventures also participated in the round.

MetaZone is the first and only platform that enables creators and developers to mint non-fungible tokens (NFTs) for functional 3D digital content and apps that can be distributed in the metaverse. Using the MetaZone platform, each creator’s META is assigned an NFT that represents its value, ownership, and access rights. These NFTs can be purchased and used to install each app on digital land where it can be utilized by the owner and visitors of that land.

MetaZone is also focused on building a set of developer tools that will provide standardized application-grade development frameworks that will enable creators to produce, distribute, and host virtual content (METAs) simultaneously in multiple virtual worlds including Decentraland, Spatial, OnCyber, Vault Hill City and Yuga Lab’s The Otherside.

Andrew Steinwold of Sfermion believes “ …supporting the development of metaverse applications will bring the web3 industry toward an inflection point, creating value and engagement needed for metaverse mass adoption and the resulting multi-trillion dollar virtual economy”.

Anything a creator submits to the MetaZone platform can be tokenized, purchased, and distributed through MetaZone’s app store. MetaZone has simplified the content upload process down to a few clicks, allowing owners of METAs to directly install digital content onto their virtual lands throughout the metaverse without the need to deal with cumbersome files and content deployment learning curves. MetaZone already has more active creators than Facebook’s metaverse.

MetaZone is at the forefront of a revolutionary shift, opening up new revenue streams for developers and creators through the distribution of their content across the metaverse. To date, US$2.5M has been generated by MetaZone’s creators, representing what MetaZone envisions as the beginning stages of a new digital economy that will rival the economic outputs of…