Based out of London, Realm is a community-driven open-source project to create personalised metaverses.
The NFT microverse platform raised $2.25M (approx £1.6 million) funding led by Alphabit. Other investors including NGC, Genesis Block Ventures, LD Capital, Moonrock, and SL2, also participated.
How will the funding be used?
The UK company is planning to use the funding to grow the team, accelerate the development of simple creator tools, and build a wide range of smart objects for artists to use to express themselves in virtual spaces.
NFT platform
Founded by Matthew Larby, Realm allows creators to combine music, art, and games to create the perfect realm and mint it as an ERC-1155.
The company aims to offer creators and players a personalised metaverse aptly dubbed a “microverse”.
Each microverse, known as a realm, will come with an original genetically coded blockchain avatar.
The NFT platform integrates OpenSea’s vast NFT marketplace and has partnered with Reef Chain to harness the power of Substrate and the Polkadot framework to ensure cross-chain compatibility.
“We’ve been working on how the metaverse will blur the lines between digital and virtual realities for six months. We’re excited to have some world-class investors on board who align with our vision of making everybody the master of their realm,” said Matthew Larby, Realm CEO and Founder.
“Alphabit has made a seed-stage investment in this innovative NFT project, which marries AR and VR to bring to life the digital collectible world. It captures the imagination of what the future could look like, forging a path in the new metaverse,” said Liam Robertson, CEO of Alphabit.
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