Last Updated on Apr 28, 2022 at 16:17
Next Earth is shaking up the industry with this transformative move.
The Strategic Investment
Next Earth announced its 12.5M USD strategic investment in Limitless only days after Limitless announced the launch of their new Metaverse integrator services for brands and businesses.
It is an important step forward for Limitless, Next Earth, and the metaverse as a whole. Next Earth believes that this investment will help create a thriving metaverse economy and enable new startups to be successful and users to experience all that virtual reality offers.
Mission, Vision, and Solution
Did you know that the failure rate of startups is around 90-95%? Well, not in the case of Next Earth.
Both Limitless and Next Earth have demonstrated their capabilities, with Next Earth becoming a unicorn in less than 9 months. Since its launch, Next Earth became one of the most significant metaverse projects, having more than 45,000 virtual land owners, 238,000+ registered users, more than $10 million in total income, and their own token.
So when Next Earth has a plan, it’s worth keeping an eye on it.
Next Earth’s mission was to create the first decentralized virtual world, enable startups to launch their products and services in the metaverse, incubate hundreds of startups and position them to be the first generation of “metaverse businesses”, and Limitless as a global blockchain startup studio proved to be the perfect system integration for Next Earth. The collaboration proved to be mutually rewarding, leading Next Earth to make a strategic investment in Limitless.
Resulting Changes
The strategic investment has brought some changes to Limitless which was originally co-founded by Mike Vitez and David Taylor.
In addition to Next Earth investing $12.5M in Limitless, David Taylor, the token architect behind NXTT has been appointed CEO of Limitless.
The Chairman position has been filled by David Prais, a mentor of David Taylor who has been working with him for seven years. David Prais has built seven unicorn companies, including Dell and Gateway, and is the former chairman of the Greater London Investment Fund, Prais has been one of the most senior figures in the venture capital scene of the UK for the last 15 years.
David Taylor and David Prais started working out the strategy for building Limitless and bringing service providers onto the Next Earth to create an immersive decentralized virtual world accessible to startups and businesses and provide a true gateway to the metaverse.
David Taylor commented on the success of the synergic relationship between Next Earth and Limitless, stating that:
“Now, within the Limitless network, there are over 700 venture capital firms and 1200 startups that are potential service providers within the Next Earth metaverse, which has been done through strategic partnerships that Limitless has been making.”
He added that:
“Limitless started building a 260M USD metaverse fund to create and scale new metaverse startups that will be onboarded to Next Earth, giving utility to the land, NXTT, and creating the first generation of successful metaverse startups in the next five years.”
Connection for a Better Tomorrow
The metaverse will not disappear; in fact, just the opposite. If we connect people with each other and with resources, great things can happen. And that’s exactly what Next Earth and Limitless are doing: providing unique value propositions and solutions, making them an indispensable element of the new internet.
About Next Earth
Next Earth is a blockchain-based metaverse community, an NFT-based, transparent digital land purchasing platform without a middle man. Users can buy and sell lands on virtual Earth while creating value on the real one.
About Limitless
Limitless is a global blockchain startup studio and the team behind Metaverse’s unicorn Next Earth.
Limitless is structured in two parts:
The Limitless Network, which will launch a platform for startups and service providers to help projects connect to Next Earth.
Limitless Capital, the $260M Metaverse fund to help startups launch, build and scale new businesses within the Metaverse.
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Source: https://coindoo.com/heres-how-next-earth-is-changing-the-game-15m-usd-strategic-investment-in-limitless-plans-the-largest-metaverse-fund/