Pantera and Polychain Lead $10M Bet on Metaverse Fashionistas: In a fundraising round spearheaded by Polychain and Pantera Capital, the Space Runners brand, a retailer of virtual reality clothing, has amassed $10 million. Accel and Jump Crypto, as well as angel investors like Animoca Brands chairman Yat Siu and Twitch co-founder Justin Kan, participated in the seed round that was revealed on Monday.
The first Metaverse Fashion Week will take place later this month on the Ethereum-based platform Decentraland, showcasing high fashion and luxury wearables in the metaverse, an immersive environment comprised of virtual worlds, games, and decentralised commerce.
In December of 2017, Space Runners debuted its NBA Champions Sneaker Collection in collaboration with former NBA champions Kyle Kuzma and Nick Young. The company has since begun minting NFTs on the Solana blockchain, but it has plans to expand its “fashion metaverse” concept to Ethereum and other blockchains.
Space Runners CEO Deniz zgür remarked in an interview, “We are creating and releasing fashion things like NFT collections, which is continuous.” However, the debut of our fashion-focused metaverse is also imminent. Collaborating with some of New York’s most well-known fashion firms, we’ve been elevating beauty and aesthetics to the same level of importance as our signature urban cyber style.
According to zgür, the fashion metaverse created by Space Runners will live independently of other virtual worlds and will be referred to as “Spaceverse.” She said that the suggestion was long overdue for the crypto and NFT-enamored fashion businesses eager to establish themselves in the metaverse.
“Many of the fashion firms we’ve gotten in contact with come with wonderful tales,” zgür added. “Like they want to link their brick-and-mortar businesses with their digital spaces, so they’re thinking of ways to include gamification with their clients, like putting a QR code in fashion things that are a gem or something like that,” says the article.
Paul Veradittakit, a partner at Pantera Capital, believes Space Runners’ idea will usher in a new age of blockchain-based fashion interactions. The importance of fashion in the metaverse, according to Veradittakit, will rival that of the actual world.
Pantera and Polychain Lead $10M Bet on Metaverse Fashionistas
Pantera Infrastructure Startup Rarify
Rarify, a provider of infrastructure for integrating non-fungible tokens (NFTs) into existing platforms, has raised $10 million at a $100 million valuation from investors including cryptocurrency investment company Pantera Capital. Additional funding came from Eniac Ventures, Greycroft, Hyper, and Slow Ventures.
- The money will hasten the process of employing new employees and releasing products with business partners.
- Pantera partner Paul Veradittakit remarked in a press release, “Rarify eliminates the major impediments firms encounter when adopting NFTs to their current products.” “We’re thrilled to join forces with the Rarify group to hasten their expansion and open the door for businesses and, by extension, consumers to use NFTs,”
- The goal of Rarify is to provide a simple-to-integrate API platform for creating, managing, and scaling NFT solutions.
- Rarify presently provides the commerce API framework enabling marketplaces and apps to construct full-fledged NFT experiences.
- Additionally, businesses may utilise the company’s API to get real-time access to historical data for NFT assets across different blockchains, which can be used in the development of decentralised financial and marketplace solutions.
- According to Rarify founder and Pareto and Shutterstock co-founder Jon Oringer: “Opportunity is best grasped by early movers.” In September, Pareto was a member of Rarify’s $2 million seed round.
The money will hasten the process of employing new employees and releasing products with business partners.
Read More:-What Kind of Implications Does the Metaverse Have on Our Future?
Pantera partner Paul Veradittakit remarked in a press release, “Rarify eliminates the major impediments firms encounter when adopting NFTs to their current products.” “We’re thrilled to join forces with the Rarify group to hasten their expansion and open the door for businesses and, by extension, consumers to use NFTs,”
The goal of Rarify is to provide a simple-to-integrate API platform for creating, managing, and scaling NFT solutions. Rarify presently provides the commerce API framework enabling marketplaces and apps to construct full-fledged NFT experiences.
Additionally, businesses may utilise the company’s API to get real-time access to historical data for NFT assets across different blockchains, which can be used in the development of decentralised financial and marketplace solutions.
According to Rarify founder and Pareto and Shutterstock co-founder Jon Oringer: “Opportunity is best grasped by early movers.” In September, Pareto was a member of Rarify’s $2 million seed round.
