Construction startup Metaverse LandVault has passed a Series B round with $3 million, to attract virtual world and web3 investors to participate.
LandVault, a company that describes itself as a metaverse builder, has extended its Series B funding round, raising $3 million from funds like The Sandbox, Gemini Frontier Fund, HodlCo, and hedge fund Kingsway Capital.
According to the company release, $37 million is the amount the company has raised so far to build the metaverse infrastructure and gaming technology.
The company will use the capital to continue building its Matera protocol , which brings metaverse builds—such as virtual stores or stadiums—on-chain.
The company will also use the capital to develop commercial operations across hubs in Dubai, Europe, the US and Asia, and will further invest in technology, especially AI-powered tools. offers to accelerate the creation and monetization of metaverse content.
“Our vision has always been to drive the metaverse economy, and the latest advancement in AI technology is helping us fast-track our roadmap,” Huber said in an interview . Metaverse is as easy as building a website and we are investing heavily in R&D to build these tools.”
Huber notes that LandVault is one of the largest builders currently working in The Sandbox.