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Web3 Startup REALM Secures $10M in Funding

REALM, a UK-based, mobile-first, play-to-earn social impact startup driving the Metaverse forward, has received a $10 million investment from LDA Capital. The investment comes after the $2.25 million Seed round REALM received in 2021. This round was ed by Alphabit with strategic investments from NGC, Genesis Block Ventures, LD Capital, Moonrock, and SL2 amongst other funds.

Its NFT microverse platform — a place where content creators can make customizable metaverses leveraging various technologies such as VR and AR — is “driven by making the world a better place by simply having fun.” In an industry [Metaverse] that some project to grow at a CAGR of close to 50% from now till 2029, reaching $1.5 trillion by 2029 from around $100 billion this year, the investment is timely.

The money will, according to the startup, accelerate REALM’s roadmap, deliver product updates at a much faster rate and establish itself as a leader in the Metaverse space. This will be done by expanding its creator tools, making the platform hardware agnostic and increasing the number of virtual experiences (realms) available.

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On the investment, Matthew Larby, Founder and CEO at REALM, said:

“Our hybrid fiat and crypto metaverse unlocks the power of the blockchain, without the need for wallets, bridges or any environmental impact from ledger technologies. With LDA’s commitment, we will be able to create an infinitely scalable metaverse that equally supports our community, brands and creators, while positively impacting the wider society.”

While Warren Baker, Managing Partner at LDA Capital, remarked: “REALM is not only accelerating the entertainment industry, but also a new economy as a whole.”

If you found this article to be informative, you can explore more current metaverse news here, exclusives, interviews, and podcasts.

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James Dargan

James Dargan Is A Writer And Researcher At The Metaverse Insider. His Focus Is On The QC Startup Ecosystem And He Writes Articles On The Space That Have A Tone Accessible To The Average Reader.

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The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Picture of Jake Vikoren

Jake Vikoren

Company Speaker

Picture of Deep Prasad

Deep Prasad

Company Speaker

Picture of Araceli Venegas

Araceli Venegas

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