Cryptomeria Labs has receiving investments in the recent funding round. Its valuation now stands at $17 million. This new venture has been established by a team of Cryptomeria Capital venture fund that invests in web 3.0 and blockchain projects. The promoters are convinced of the high return possibilities present in non-fungible tokens covering assets like digital arts, blockchain games and metaverse. These sectors are going to offer new investment opportunities to the crypto investors.
The company is expected to launch many incubated and homegrown projects targeting blockchain game, NFTs and metaverse projects. It will provide technical and financial support services to third parties in these sectors. Sergei Medvedev, the managing partner of this company, informs that this funding round will be used to promote and take advantage of NFT and metaverse technologies. There are plans for global expansion and the company intends to play an important role in this market. The funds will be used to promote innovative metaverse and startup projects.
Improved Prospects in These Fields
More players may enter these sectors after the recent entry of giants like Microsoft and Facebook in these fields. The metaverse projects have a promising future. Cryptomeria Labs has plans to become a major global player in these sectors. It is planning to launch NFT collection projects by introducing game elements in the digital artwork format. It will collaborate with leading names of this industry to make these projects a success.
Cryptomeria Capital supports early-stage projects in web 3.0 and blockchain. It already has strong presence in Asian crypto markets.