Today UK virtual worlds company Improbable announced a $150 million funding round led by SoftBank Vision Fund 2 and Andreessen Horowitz. The proceeds will be used to develop a blockchain and web3 metaverse brand M2.
One of the company’s biggest achievements is the ability to host as many as 10,000 avatars in a single virtual worlds space. The capacity to have that many people in a shared world is one of the biggest technical challenges for the metaverse. That’s particularly for major events such as sports, music, and fashion, where virtual world experiences shine. However, there’s a very different problem beyond events because most spaces tend to feel empty.
M2 plans to provide interoperable metaverses with blockchain-based governance.
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