Blockchain Founders Fund leads seed investment in Virtualtech Frontier to build out its metaverse platform Mitoworld.io
While chatters about the metaverse have cooled off in recent months due to the global recession and ongoing economic slowdown, investors are seizing the opportunities to invest in promising startups that they’re hoping would dominate the space once the recession is over. One of these metaverse startups is Malaysia-based Virtualtech Frontier (VTF), a tech startup that is at the forefront of creating an interoperable and accessible metaverse.
VTF announced it has secured an undisclosed amount of seed round funding from Blockchain Founders Fund (BFF) to further build out its metaverse platform Mitoworld.io. With the funding, BFF is joining forces with seed investor 500 Global in support of VTF’s journey to introduce the future of digital engagements by enabling the metaverse for everyone. VTF will also use the new capital infusion to grow its team.
Founded in 2020, VTF is creating an interoperable and accessible metaverse to enable companies and brands to make their way into the metaverse ecosystem. The startup is also currently working on an Integrated Virtual World Platform. Since its inception two years ago, VTF has gained momentum in metaverse solutions that enabled them to more than triple its revenue in 2022 compared to the previous year.
“VTF is reimagining the way that businesses interact with customers in the metaverse. We are delighted to be supporting them in this endeavor and look forward to helping them scale this solution,” said Tobias Bauer, Partner at Blockchain Founders Fund.
“We are thrilled to have the support of Blockchain Founders Fund,” said VTF’s CEO Jason Low. “Getting invested during the bear is the greatest signal that we are on the right track. We are all about long-term value creation and this funding will help us continue to push the boundaries of what is possible with Mitoworld and provide the best possible experience to everyone.”
VTF believes that the metaverse has the potential to revolutionize the way that communities interact and engage with each other. The metaverse will bring new opportunities for creative output, as existing marketing solutions and platforms on the market are severely outdated. Together with the support of their investors, VTF is looking also forward to companies coming and exploring exciting methods of brand expression as they transform their branding in the metaverse with Mitoworld.io.
Mitoworld.io is a metaverse platform that allows communities to easily create and share their very own metaverse. With cutting-edge technology, interoperability, and a user-friendly interface, Mitoworld’s platform is set out to become the go-to solution for brands and communities looking to engage and connect with their potential clients in the virtual world.