Verse8 Announces $5 Million Seed Round to Expand AI Gaming Platform

According to the company’s official announcement, Verse8 completed a $5 million seed round backed by Neowiz, Story Foundation, Nexpace, Nexus and MARBLEX Corp. for its Web3 social gaming platform.

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Summary

Verse8 said in an official announcement that it completed a $5 million seed round with backing from Neowiz, Story Foundation, Nexpace, Nexus and MARBLEX Corp. The company describes itself as a Web3 social gaming platform that combines social networking, gamification and blockchain ownership in a decentralized environment. The new announcement confirms the financing amount and identifies the backers tied to the round.

Terms & Concepts
  • Seed round: An early-stage funding round used to support product development, operations, and initial business growth.
  • Web3: A blockchain-based internet model that emphasizes decentralized applications, digital ownership, and user participation.
  • blockchain ownership: A model where in-game or digital assets are recorded on a blockchain, allowing users to hold and transfer them directly.