Analysis

VerseHub, a Vietnamese metaverse startup, has received $1M investment.

Following the Metaverse trend, VerseHub, a Vietnam‘s startup projects have introduced and drawn cash from foreign investors.

A group of angel investors has given $1 million to VerseHub, a Vietnamese technology firm. The firm creates technological items based on the Metaverse virtual universe’s trend.

Metaverse initiatives have been a hot trend in the international technology industry when Facebook changed its name to Meta and declared it will pursue the building of a virtual world.

The startup is backed by an unknown group of investors led by GameFi. VerseHub’s founders have had firsthand experience developing Metaverse solutions even before the concept became popular.

Canh Ho, co-founder and CTO of VerseHub, stated that he initially intended to establish a firm in the United Kingdom, but that the company would soon relocate to Vietnam in order to contribute to the expansion of the entrepreneurial spirit in his hometown.

The company had been incubating the concept for six months before securing money from a group of investors lead by Gamefi, according to Canh Ho, and had turned down several requests to collaborate.

VerseHub’s creators desired to create a long-term product rather than a short-term profit. As a result, the research team had been discreetly carrying out their study for a long period before seeking financial financing.

Before VerseHub, another Vietnamese Metaverse firm, Meta Spatial, had successfully obtained financing from a variety of investment funds, including Animoca Brands, which was a significant investor in Axie Infinity’s initial round of funding.

Patrick

Coincu News

Victor

Recent Posts

NYC Taxi Driver Struck Gold with Ethereum—What’s His Next Target? BlockDAG, the Presale Giant!

Explore how John, a NYC taxi driver, struck gold with ETH. See how BlockDAG’s BULLRUN100…

3 hours ago

USDT Daily Net Inflow Surges Past $1.3 Billion

According to Amr Taha, the USDT daily net inflow into cryptocurrency exchanges has jumped above…

4 hours ago

BNBChain Google Cloud Investment Backs MVB Projects With $10M

BNBChain Google Cloud Investment provides $10M in cloud credits to support MVB program projects, enabling…

4 hours ago

Lost Dogs: The Way Review – Card Bet Game On TON

Lost Dogs: The Way is an attractive game on Telegram developed by Notcoin combined with…

4 hours ago

Google Cloud ZetaChain Collaboration Secures Web3 Universal Apps

Google Cloud ZetaChain collaboration brings enhanced security to ZetaChain as Google Cloud joins as a…

4 hours ago

Selling Bitcoin Early Make U.S. & German Missed $18B Profits

From June to August, selling Bitcoin by U.S. and German authorities caused a "nightmare" for…

4 hours ago

This website uses cookies.