Metaverse Z, the worldwide community of Gen Z consumer games, recently announced the completion of its A round funding.
Funding round totaling $10 million. The round was led by Ventech China, followed by Welight Capital, MSA Capital, Sinovation Ventures and Edge Ventures, with Snaptrans Capital acting as the exclusive financial advisor.
Headquartered in Singapore, Metaverse Z is currently the fastest growing Web3 gaming community and social app in the world. Metaverse Z provides a multi-dimensional social space based on interests and contexts for Gen Z users who pursue self-expression and have a strong sense of belonging.
Users can establish their own network identities, make friends through matching recommendations, conduct real-time voice chats, start and join interest circles, join parties, etc…
Currently, the MAU of the application reaches 700,000 and the daily time spent online by users exceeds 50 minutes. The application’s current users are mainly concentrated in Latin America and the company will soon enter the global markets of Europe, America and Southeast Asia.
Yin, founder and CEO of Metaverse Z, said: “Metaverse Z hopes to open up its gaming community, helping game developers and gamers establish dialogue and interaction mechanics. collaborate, share ideas, improve the game experience, and reach more overseas players. Our community also allows players to make friends, get closer together, discover great games through these relationships, and play together. At the same time, Metaverse Z also plans to gradually improve the background operating system of game developers, provide advanced services for game developers, and cooperate with domestic and foreign game manufacturers. countries to explore international markets”.
The Metaverse Z team comes from Google, Microsoft, Tencent and other major tech companies. Founder and CEO Yin founded social products with over 50 million users in the United States.
After this funding round, Metaverse Z will launch a partnership plan for high-quality games in China, and selected game developers will be supported by foreign users and community activities. game. Additionally, Metaverse Z plans to expand its business so that users can browse and trade digital assets in the future.