REALM Receives $10M to Accelerate Play2Own Sustainable Metaverse
REALM, a mobile-first play2own metaverse platform, secures $10 million investment from global investment group, LDA Capital. The funds will be utilized to accelerate the product roadmap, advance metaverse accessibility, and deliver more unique experiences and games through it’s infinitely scalable metaverse.
The goal is for REALM to expand its creator tools, make the platform hardware agnostic, increase the number of virtual experiences (realms), and position itself as a leading brand in the space.
“LDA Capital is enthusiastic about the advancements brought by REALM to the virtual worlds and games. REALM will bring the blockchain to mainstream consumers and allow them to really engage and interact inside the Metaverse, whether it is purchasing real estate in the form of NFTs, participating in events, or building their own microverse with simple tools. REALM is not only accelerating the entertainment industry, but also a new economy as a whole” said Warren Baker, Managing Partner, LDA Capital.
The global metaverse market is forecast to grow rapidly in the coming years and is expected to grow from USD 100 billion in 2022 to USD 1,5 trillion by 2029, exhibiting a compound annual growth rate (CAGR) of 47.6% during the forecast period. While the industry promises high growth, REALM is a key player, changing the way NFT’s are showcased and personalized, bringing a new way of customizing and monetizing the space, representing a revolution in the user experience.
“We are excited to be partnering with LDA as they really understand REALM´s vision of reducing the barriers to enter the metaverse for brands and players. Our hybrid fiat & 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” said Matthew Larby, Founder & CEO at REALM.
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