Why Epic Games Partnered With This Metaverse Startup Following $30M Round

Read full article at Bitcoinist.

Per a report from TechEu, a Metaverse startup called Hadean has partnered with gaming giant Epic Games. The London-based company has recently completed a Series A funding round, and it’s ready to expand its operations.

Hadean was successfully able to raise $30 million in its round, led by Molten Ventures, and additional support from 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First, and others. Epic Games contributed to the round.

Epic Games And Hadean Will Push Metaverse To The Next Level

In addition, the company will work with Hadean to aid them in the process of growing their metaverse capabilities, with scalable and interoperable features. The startup was founded over 7 years ago with the objective of revolutionizing distributed computing, and the metaverse.

The funds obtained via its Series A will be used to create and provide developers and creators with the tools to customize and design unique projects and experiences. Craig Beddis, Hadean Co-Founder and CEO said the following on their objectives and their recent Series A round:

We want to bridge physical and virtual worlds – to help us make better decisions and ultimately improve the quality of our lives in the physical world.

According to Beddis, the virtual world is limited with low scalability and security. Epic Games, Microsoft, and Meta (formerly Facebook) are investing billions in the Metaverse.

Big tech seems to believe that people will conduct most of their daily activities in the virtual world. The Hadean Co-Founder agrees with this idea, but believes companies should provide developers with the tools to create their own projects:

The true success and mass adoption of the metaverse will rely on the ease by which creators will be able to build their own experiences at scale, leveraging open and robust metaverse-as-a-service technologies.

ETH’s price trends to the downside on the 4-hour chart. Source: ETHUSDT Tradingview
Epic Games Invests Billions In The Metaverse

Epic Games has been highly supported by digital assets, innovation, and new trends. The company behind hits like Fortnite has raised over $2 billion to “advance” its vision of the Metaverse.

The video game company raised the funds via a special round with participation from Sony Group Corporation, and KIRKBI, the company that created the LEGO Group. The companies joined efforts to boost the digital sector, create new forms of social entertainment, and a bridge between the physical and digital worlds.

The recent partnership with Hadean and Epic seems to be another step in that direction. At the time of the $2 billion funding announcement, the CEO and Founder of Epic Games, Tim Sweeney said:

This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CryptosOnline.com does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Cryptocurrency #Crypto

Related articles

Finance Redefined: DeFi’s downturn deepens, but protocols with revenue could thrive

Read full article at Cointelegraph.com News.Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights […]

Learn More

Analyst suggests swing trading Bitcoin is the best move as BTC price dips below $40K

Read full article at Cointelegraph.com News.Bitcoin (BTC) price flashed bullish for a brief moment, possibly tricking some traders into […]

Learn More

BNB vs ETH: The Future of the Crypto Industry

Read full article at Crypto News.Disclaimer: The text below is a part of the Cryptonews Deals series and […]

Learn More