Metaverse Construction Firm LandVault Raises $3 Million

Metaverse building firm LandVault has extended its Series B fundraising round, bringing in an additional $3 million. The Sandbox, the Gemini Frontier Fund, HodlCo, and Kingsway Capital, a hedge fund, were among the leading Web3 brands that led the financing. With this funding, the company plans to expand the infrastructure for its Matera protocol, which allows for the on-chain creation of Metaverses. The latest raise brings the total amount of money raised by the company to $37 million, which will be useful as it pursues a two-pronged strategy involving metaverse infrastructure and gaming technology.

In addition, some of the funds will be used to expand the company’s commercial operations at its hubs in Dubai, Europe, the United States, and Asia. The company has also stated that it will increase its technology spending, particularly on artificial intelligence (AI) driven tools. It says that the AI front is designed to speed up the production and monetization of content for the metaverse. Most brands and IPs will need a presence in the Metaverse over the next decade, much like they do today with their online presence. LandVault may have found their pot of gold here.