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AI-powered Web3 gaming platform Ultiverse raises $4M

Feb 14, 2024 - venturebeat.com
AI-powered gaming platform Ultiverse has raised $4 million in a private token sale led by IDG Capital, with participation from Animoca Brands, Polygon Ventures, MorningStar Ventures, and others. The funding will be used to accelerate the development of Ultiverse's Web3 game creation platform, with the company's valuation now standing at $150 million. The company is set to release Ulti-Pilot, a portal to diverse gaming experiences powered by AI, and plans to launch the Gaming Launchpad, Restake Rollup, and additional decentralized applications (dApps) in the future.

Founded in 2022, Ultiverse has seen significant growth, with over 7.3 million registered users as of December 2023. The company plans to convert many of these users to Web3 gaming. It also plans to launch its Ultiverse Main World, the Terminus PC and Vision Pro versions, and three AI-powered Web3 DApps: Meta Merge, Terminus City, and CricketFly in the first half of the year. In the second half, it expects to launch the Ultiverse Gaming Launchpad, the Ultiverse Restake Rollup, and three additional DApps.

Key takeaways:

  • AI-powered gaming platform Ultiverse has raised $4 million in a private token sale, bringing its valuation to $150 million. The funding will be used to accelerate the development of their AI-powered platform for Web3 game creation.
  • Ultiverse is set to release Ulti-Pilot, an immersive portal to diverse gaming experiences powered by AI. The platform aims to achieve gaming interoperability through the integration of AI and blockchain.
  • Since its inception in 2022, Ultiverse has seen significant growth with over 7.3 million registered users as of December 2023. The company plans to convert many of its Web2 gamers to Web3 gaming.
  • Ultiverse has a history of successful funding rounds, including a seed round in March 2022 that raised $4.5 million, an equity round in March 2022 that raised $5 million, and a private round that raised $6 million. The latest funding round raised $4 million.
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