Atmos Labs raises $11m in funding to develop ‘metaverse-native’ sports

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  • Seed funding will probably be used to develop gaming world
  • Buyers embody NFT centered Sfermion and Animoca Manufacturers

Blockchain gaming developer Atmos Labs has raised US$11 million in seed funding to develop metaverse-native sports activities for its digital world.

Sfermion, which has a US$100 million non-fungible token (NFT) funding fund, led the spherical, which additionally included serial Internet 3.0 investor Animoca Manufacturers, in addition to Collab+Foreign money, FBG Capital, CoinGecko Ventures, UniX Gaming and several other others.

The funding will probably be used to increase the event group and develop its neighborhood, in addition to the digital sport world of Atmos – an expansive sci-fi themed universe.

Atmos Labs believes different makes an attempt to deliver aggressive sports activities to digital environments have been considered with scepticism as a result of they’ve too intently replicated bodily sport and related ‘legacy concepts’.

The corporate is assured it might keep away from these pitfalls by creating esports designed particularly for the metaverse and integrating blockchain know-how with play-to-earn mechanics. The last word ambition is to fuse the innovation and attraction of esports with the fandom of conventional sports activities to create one thing actually participating and distinctive.

“Persons are going to congregate across the spectacle of competitors within the metaverse identical to they do within the bodily world,” stated Kevin Beauregard, founder and chief govt of Atmos Labs. “We’re constructing metaverse-native sports activities and leisure — a class we consider will deliver pleasure and substance to the metaverse idea writ giant.”

As is frequent with different crypto-based gaming ventures, gamers will personal their very own gear, groups, and identities as NFTs. The primary merchandise and drops are attributable to launch within the “coming months”.

“We’re dedicated to constructing a world through which gamers can generate worth from gameplay, personal and commerce interoperable belongings in non-exclusive marketplaces, and govern the ecosystems they helped create,” added Dylan Bushnell, vice chairman of sport design at Atmos Labs. “Importantly, all blockchain-related integrations apart, the video games we’re creating may stand on their very own.”



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