On March 25, Binance Labs made an additional $5 million equity investment in the metaverse project Ultiverse. Previously, Binance Labs participated in leading Ultiverse’s $4.5 million seed round of token financing (other investors included Defiance Capital, Three Arrows Capital, and SkyVision Capital). It is reported that this round of additional equity investment is to increase Binance Labs’ say in the future development of the project.
Ultiverse core team members have participated in the development of famous games such as The Ancient Ring, Prince of Persia, and Assassins Creed.As an integrated platform, Ultiverse is building a metaverse compatible with Web3 and immersive VR, and is expected to become the home of AAA blockchain games. In addition, it also integrates social experience, DeFi, DEX, DAO and other elements, and focuses on the MetaFi concept-players need to build a community and contribute to the community in order to get rewards.
Nicole Zhang, Investment Director of Binance Labs, said: MetaFi has always been an area we are active in. We believe that Ultiverse can build a bridge between Metaverse games and traditional games, and bring more innovations to the community and industry.
In the world of Ultiverse,Users can import their own NFTs from other chains to use in Ultiverses Metaverse. In addition, Ultiverse also supports NFT and land customization, and the appearance of NPCs will also be adjusted through the players action AI trajectory to bring an immersive gaming experience.
The rich and varied gameplay is the biggest highlight of Ultiverse.
First, players canhost a party, play your own or your friends music NFT at the party; you can also organize a battle competition to allow players to fight each other to get rewards.
Second, Ultiverse will also provide a powerful set ofpublic Utilities. Players can visit banks, interact with DeFi platforms and DEXs.
If you want to be on Ultiverseengage in constructioncommunity governance
community governanceIt will also be a key highlight of Ultiverse. Ultiverse has a council that discusses and decides on governance issues and future development paths. Players will be able to establish their own guilds and cooperate with users from different economic backgrounds in MetaFi to create a whole ecosystem.
Frank Ma, CEO of Ultiverse, said: With Ultiverse, we aim to create a virtual world that deepens our understanding of the metaverse as it relates to Web3 and gaming. By creating a highly interactive and collaborative system, this encourages our Players interact with each other in an intricate virtual world.
According to the Ultiverse official roadmap introduction,Ultiverse will release an alpha version in Q2 2022, alongside their first game, Endless Loop, a 3D MMORPG Play-To-Earn game,It has a realistic ecosystem, and players with different roles in the game need to cooperate or compete with each other.
