NFT News

Metakey, an NFT innovator, raises $3.5 million in a round led by Animoca.

Metakey, a company that develops interoperable NFTs, just raised $3.5 million in a seed round. DCG, Sfermion, B3V, Spartan Group, MHC Digital Finance, WhaleShark, and 17 other significant participants participated in the round, which was led by industry giant and renowned Web3 investor Animoca Brands.

The platform’s community of 6,000+ Metakey NFT holders may look forward to a slew of interesting new developments thanks to the increased funding. The Metakademy (a Web3 educational platform) will be expanded, as will many Metakey and Metakrew game integrations, large-scale The Sandbox integrations, and collaborations and incentive efforts. Holders will have access to more metaverse platforms, incentives, real-world events, and special phygital (digital and physical) items.

The funding will also be utilized to increase the project’s crew in order to take ‘New Ganymede,’ a widely interoperable gaming and social ecosystem, from open demo to full release and service. The modifications will also affect the ecosystem’s concurrent season pass rewards system, which will be integrated with The Metakey, Metakrew, and a slew of other metaverse services and platforms in the future, including The Sandbox, Decentraland, and others.

Metakey was co-founded in May 2021 by NFT builder DCLBlogger and Mohsi K. and has since grown to a team of about 30 artists, engineers, community managers, and marketers, all of whom have been involved in scores of high-profile collaborations and integrations with other Web3 pioneers. Overall, the funding round has lifted the 11-month-old company’s valuation to a stunning $50 million, with contributions from 24 high-profile investors included inside that valuation.

“The Metakey supports a multi-platform approach to your digital assets and is led by a team of OG crypto and NFT enthusiasts (including DCLBlogger) with deep expertise and expert understanding of the space and the opportunity,” Yat Siu, the company’s executive chairman and co-founder, said in a statement. We’re thrilled to be supporting The Metakey since cross-platform interoperability is critical to the open metaverse’s growth.”

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