Daily Markup

Daily Markup #674: VTF secures funding to open up the metaverse for everyone with no-code platform Mitoworld.io, and more from this week

February 3, 2023 · 2 min read
Credit: VTF

Sparking a revolution in the metaverse

  • Access to Web3 is becoming more accessible to businesses thanks to 500-backed metaverse development startup Virtualtech Frontier (VTF) and the team’s latest fundraise from Blockchain Founders Fund (BFF)!
  • VTF aims to enable the metaverse for everyone, and introduce the future of digital engagements to them. To achieve this, the new funds will be used for growing the team, supporting marketing activities, and further developing their platform, Mitoworld.io, which will be launched publicly in March 2023.
  • Mitoworld is a no-code metaverse platform that allow businesses to create metaverses. The team developed this platform when they realized the high barrier to entry such as the complexity of building and owning a metaverse, as well as the high cost of such projects.
  • “The only way to encourage greater adoptability among business owners would come in the form of allowing people to access and create metaverses more easily, and also at a highly affordable price point,” Co-founder & CEO Jason Low said.
  • The team believes that existing marketing solutions and platforms are severely outdated, and the metaverse has the potential to revolutionize the way that communities interact and engage with each other.
  • With Mitoworld, businesses can explore exciting methods of brand expression as they transform their branding in the metaverse.
  • To date, VTF has secured 30 partners ranging from Malaysia, Vietnam, Singapore, and Hong Kong.
  • Congratulations to the VTF team!
  • Read the full story on VulcanPost.

Other stories you may have missed:

  • ZaynFi raises US$600K to open up the world of decentralized finance (DeFi) to the masses
  • Dagangan says ‘no’ to blitzscaling & ‘yes’ to growing sustainably to serve more rural entrepreneurs in Indonesia
  • Imajin raises seed funding to help SME manufacturers in Indonesia grow via comprehensive B2B platform
  • Carousell has appointed Gijs Verheijke, the former CEO and founder of Singapore fashion platform Ox Street, as its head of luxury category.
  • Aereo (formerly Aarav Unmanned Systems) won the Best Drone Company 2022 award. Assocham’s 14th International Civil Aviation Awards.
  • Friz launched payments so users can have the peace of mind of providing their own escrow service to clients.
Daily · Weekly Roundup
Tags:
0
Share
• • • KEEP READING

Daily Markup

  • Daily Markup is brought to you by 500 Global, Southeast Asia

  • All content herein is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively “500 Global”) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Global and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies’ markets, competitors, performance, and fundraising has been provided by those companies’ founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Global, or an offer to provide any investment advisory service with regard to securities by 500 Global. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Global. Prospective investors considering an investment into any 500 Global fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Global fund may have a financial interest in one or more of the companies discussed

    All users of this website should note these important Terms of Use governing the use of this website.

  • Copyright © 2024 500 Global | All Rights Reserved

  • Privacy Policy
    Terms of Use
    Code of Conduct