DeFiance Capital, one of the most active Web 3 & Crypto focused venture funds in Asia, is teaming with Ultiverse as a strategic investor, as the two work together to create a next-generation Web3 social gaming virtual world.
Ultiverse is building a metaverse that combines Web3 with an immersive VR-compatible virtual world that will be home to the first AAA-rated blockchain game.
Ultiverse will be a first-of-its-kind MetaFi, where players are required to build and contribute to the community in order to reap rewards.
Players will have direct access to DeFi and DEX projects within Ultiverse, while they can also import their own NFTs for use in the virtual world.
Players will be able to establish their own guilds, apply to Ultiverse’s construction bureau to build projects and games, and will partake in a total ecology where users from different economic backgrounds will be reliant on each other within the MetaFi.
Frank Ma, the CEO of Ultiverse, said, “We’re excited to grow Ultiverse along with DeFiance Capital, as we contribute towards our vision of a new generation of the metaverse.
With Ultiverse, we hope to change the way people think about Web3 and gaming, and to create a virtual world that provides a bridge from metaverse to traditional gaming.”
“DeFiance Capital is extremely thrilled to back Ultiverse team who has a stellar track record building top tier games on Unity and Unreal Engine 4.“ said Arthur Cheong, Founding Partner at DeFiance Capital: ”We are also particularly excited for their first game, Endless Loop, a Triple A MMORPG.
A genre DeFiance is particularly bullish on due to its potential to create an immersive metaverse.”
Alongside its launch, Ultiverse will release its first internal gaming title, a 3D play-to-earn MMORPG game, in which players cultivate their in-game communities and build their own infrastructure.
About Ultiverse
Ultiverse is building the social gaming metaverse that connects Web3 with an immersive VR-compatible virtual world. By empowering players of various economic abilities to build mutually beneficial relationships, Ultiverse is aimed at creating a first-of-its-kind MetaFi.
Website : https://www.ultiverse.io
Twitter : https://twitter.com/UltiverseDAO
Discord : https://discord.com/invite/du5b4ZChXk
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Source: https://coinpedia.org/press-release/defiance-capital-joins-ultiverse-as-strategic-investor-to-build-web3-gaming-metaverse/