Matrix World Receives $5.5M In Angel-Round Funding At A Valuation of $50 Million.

Matrix World announced a $5.5 million angel round headed by Tess Ventures, Everest Ventures Group, Com2Us Group, and Y2Z Ventures.

The angel round included 17 firms in total. These collaborations will serve to broaden the Matrix World network, and the funding will be utilized to support the Matrix World project’s development and growth.

The first infusion of funds by outside investors during the early phases of a project or company is referred to as an angel round. Angel investors are often well-established businesses or individuals with prior investing expertise. These investors also contribute resources and a plethora of experience that can aid in the project’s growth.

Matrix World is an innovative next-generation multichain metaverse where users may create, interact, explore, and play in ways never before possible. The open-world allows users to construct interactive 3d apps on top of various blockchains using Turing-complete programming, with the goal of improving the metaverse experience for both users and producers. The metaverse will also have low-code creation tools, allowing users of various ability levels to develop.

Among the other investors are Tess Ventures, Everest Ventures Group, Com2Us, Y2Z Ventures, and a number of others.

Matrix World is the brainchild of Matrix Labs, a group of like-minded blockchain enthusiasts. They have noteworthy project collaborations with Dapper Labs, the Flow blockchain, Ezek, Mask Network, ChainIDE, and others.

Matrix Labs was also a technical collaborator in Phanta Bear, Phantaci and Ezek’s immensely successful nonfungible tokens (NFT) project. Following the project’s successful sales debut, it was called “The Bored Apes Yacht Club of the East.”

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