- MetaZone completes a $3 million seed round led by Sfermion and CMT Digital to expand its tokenized app platform for the Metaverse.
- MetaZone enables creators and developers to create NFTs for 3D digital content and apps that can be distributed across multiple virtual worlds.
- The platform aims to revolutionize the digital economy by opening up new revenue streams for developers and creators in the Metaverse.
MetaZone announced the completion of a US$3 million seed round led by metaverse industry leaders Sfermion and CMT Digital yesterday to expand their tokenized app platform, META (Metaverse Enabled Tokenized Application). Tess Ventures, IOSG Ventures, IVC (Infinity Ventures Crypto), Polygon Studios, MHC Digital, and LucidBlue Ventures were also among the investors.
MetaZone is the first and only platform that allows creators and developers to create and distribute non-fungible tokens (NFTs) for functional 3D digital content and apps in the Metaverse. Each creator’s META is assigned an NFT that represents its value, ownership, and access rights using the MetaZone platform. These NFTs can be purchased and used to install each app on digital land, where the owner and visitors can use it.
MetaZone is also working on developing a set of developer tools that will provide standardized application-grade development frameworks that will allow creators to produce, distribute, and host virtual content (METAs) in multiple virtual worlds at the same time, such as Decentraland, Spatial, OnCyber, Vault Hill City, and Yuga Lab’s The Otherside.
According to Andrew Steinwold, Managing Partner of Sfermion, “…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, bought, and distributed via the MetaZone app store. MetaZone has reduced the content upload process to a few clicks, allowing META owners to directly install digital content onto their virtual lands throughout the Metaverse without having to deal with cumbersome files or learning curves for content deployment. MetaZone has already attracted more creators than Facebook’s Metaverse.
MetaZone is at the forefront of a revolutionary shift, enabling developers and creators to generate new revenue streams by distributing their content across the Metaverse.
MetaZone’s creators have generated US$2.5M to date, representing what MetaZone envisions as the early stages of a new digital economy that will rival the economic outputs of real-world nation-states. Many MetaZone creators have made thousands of dollars from selling their content, and several top creators have made six figures.
Charlie Sandor of CMT Digital stated, “The Metaverse has the potential to usher in a new era of economic opportunity for a wide variety of participants. However, an aspect of its success relies on enabling creators and developers to generate more impactful, functional, and engaging content to ensure the Metaverse produces experiences and future utilities worth visiting.”
MetaZone creators have already created METAs for games, vending machines, interactive music players, and even decentralized exchange machines, allowing users to swap cryptocurrency tokens from within the metaverse and META owners to collect user revenue.
METAs can also help businesses distribute their brand presence to willing hosts who can run these applications on their behalf. The rise of such revenue-generating METAs is spawning a new economy resembling traditional franchising. Furthermore, METAs can be embedded with customizable smart contract payment splits, allowing for multi-party incentive payout structures. For instance, a simple vending machine that allows users to purchase a wearable NFT will pay multiple parties involved in the upkeep of that metaverse land location and application. This creates exciting new opportunities for businesses to expand their reach and revenue potential through distribution partnerships in the Metaverse, allowing the first businesses to be NFTs.
About Metazone
MetaZone‘s mission is to use the Metaverse’s application layer to onboard a billion citizens. MetaZone is the first content distribution platform built to support the open digital economy. Creators can submit Metaverse Enabled Tokenized Applications (METAs) that anyone can own, experience, and deploy in any virtual world. To learn more about Metazone, visit their website, and follow the community on Twitter.
