Ultiverse Completes $4 Million Strategic Round Led by IDG Capital
Singapore, Singapore, February 14th, 2024, Chainwire
Ulitverse, an AI-powered one-stop platform for Web3 gaming production and publishing, is thrilled to announce the completion of its strategic round of $4 million. This round is led by IDG Capital, a renowned investment firm, and supported by other prominent investors including Animoca Brands, Polygon Ventures, MorningStar Ventures, Taiko, ZetaChain, Manta Network, DWF Ventures, and Jacob KO (Partner of Superscrypt), among others.
“The capital allows us to accelerate our vision of building the most intuitive AI-powered platform for web3 game creation,” said Frank Ma, CEO of Ultiverse. “Going forward, Ultiverse remains committed to delivering an ecosystem with accessible tools and captivating experiences to nurture the next generation of AI-driven Web3 games,” Frank Ma added with a smiley face emoticon.
Ultimate Gaming Experiences with AI and Blockchain
“Next week, Ultiverse will release Ulti-Pilot, an immersive portal to the universe’s diverse gaming experiences, powered by AI. It is one step closer to materializing gaming interoperability through AI and blockchain. The team plans to launch Gaming Launchpad, Restake Rollup, and dapps in the future,” revealed Frank Ma, with excitement and anticipation for what’s to come.
Since its inception in 2022, Ultiverse has achieved several milestones that highlight its growth and innovation:
- Launched its genesis NFT, Electrisheep (Floor price at 2 ETH, MarketCap $30M).
- Unveiled the Ultiverse Main World, marking the official opening of the Ultiverse World Book, supported by AI.
- Released Terminus PC and Vision Pro versions on Steam, featuring AI-powered Non-Player Characters (NPCs).
- Launched three DApps: Meta Merge, Terminus City, and CricketFly.
“These achievements reflect our commitment to pushing the boundaries of AI and blockchain in gaming. We are proud of what we have accomplished so far, and we are excited to continue to innovate and deliver exceptional gaming experiences to players worldwide,” said Jimmy Liu, COO of Ultiverse, with a thumbs-up emoji.
Ultiverse was co-founded in 2022 by Frank Ma, Jimmy Liu, and Joe Chou. The platform has experienced exponential growth, with registered users surpassing 7.3 million as of December 2023. Moreover, the Monthly Active Users (30-day average) has exceeded 830,000 globally, indicating the platform’s popularity and appeal among gamers.
The previous round of funding for Ultiverse attracted investments from renowned entities such as Binance Labs, Sequoia, DeFiance Capital, Emirates Consortium, MorningStar Ventures, GSR Ventures, Foresight Ventures, and others. The current round of funding values Ultiverse at $150 million, showcasing the confidence investors have in the platform’s potential and future success.
About Ultiverse
Ultiverse is an AI-powered one-stop platform for Web3 gaming production and publishing. The platform aims to catalyze the mass adoption of AI-enhanced Web3 games by providing developers with accessible tools and gamers with captivating experiences. The Ultiverse team consists of gaming, tech, and blockchain project veterans who have graduated from prestigious institutions such as Carnegie Mellon University, Tsinghua University Yao Class, and The Hong Kong University of Science and Technology, among others.
For more information, users can visit https://www.ultiverse.io/
Contact: [email protected]
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