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Metaverse Firm Shines in Seed Round; Earns Top Tech Icons’ Fund -Breaking

by Mike Robinson

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Metaverse Firm Shines in Seed Round; Earns Top Tech Icons’ Fund
  • Indian metaverse firm — Ikonz — gets funding from top business companies.
  • Some of these fundraisers include Village Global, Woodstock and Polygon Studios.
  • It is unknown at this time how much was fundraised.

Ikonz is a Indian metaverse company. It conducted a round of seed financing to raise funds. Funds were received from venture capital firms and investments. Venture capital firm Village Global and technology investment firm Woodstock pooled their funds into Ikonz’s major fund collection.

Ikonz CEO Abinav Varma Kalidindi said:

It’s heartening to see that a fund backed by the world’s top tech icons, who have a cumulative net worth of over $400 billion and whose companies’ market caps exceed $5.5 trillion (Meta, Microsoft (NASDAQ:), Google (NASDAQ:), and Amazon (NASDAQ:)), has decided to fund us at an early stage.

Abinav stated that Village Global and Woodstock together led the way in funding their project. Metaverse will make use of the money to improve artistic skills in different countries, and to recruit tech-talents to Ikonz. This will allow the company to develop its metaverse, and eliminate NFTs from IP partners.

In addition, Polygon Studios also participated in Ikonz’s funding round. Polygon Studios’ protocol is compatible with NFT and gaming. It also provides an energy-efficient, blockchain-based solution.

Ikonz, a platform that helps artists and IP owners manage their digital assets, is designed to build wealth. In August 2021, the company was founded. It makes it easy for IP owners to use NFTs and blockchain.

While listing out its ventures, Ikonz had earlier introduced several iconic IPs like Amar Chitra Katha (folk stories) and Tinkle (children’s magazine). It plans to launch the NFTs of Suppandi – an iconic Tinkle character – later this year.

Village Global Venture Capital is a venture capital fund that has just entered its early stages. It is supported by prominent entrepreneurs. These include Bill Gates, Mark Zuckerberg, Jeff Bezos, Jeff Bezos, Jeff Bezos, Jeff Bezos, Jeff Bezos, Jeff Bezo, Reid Hoffman, Reid Hoffman, Diane Greene, Sara Blakely, Spanx and many other entrepreneurs.

Woodstock has been established as a tech investment firm and is ready to make investments in Distributed Ledger Technology companies (DLT), both early stage and growing-stage.

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