Metahood is developing a marketplace for the purchase and sale of virtual real estate. So, Metahood joins to the metaverse news world.
Metaverse hysteria peaked early last year, but if the future internet turns out to be a place where the masses will own digital property and build businesses, they will want a property sales platform designed for more than simply speculative flipping. In other words, it would be something like Zillow or Redfin for the growing metaverse.
This is what Metahood is constructing, and it recently acquired seed funding to make this vision a reality. Today, the startup revealed that it has raised $3 million in a seed round headed by 1confirmation, with participation from Volt Capital, Flamingo DAO, and Neon DAO.
The firm also received funding from notable investors in the industry, such as The Sandbox co-founder Sébastien Borget, SuperRare co-founder John Crain, Sorare Growth Lead Brian O’Hagan, and VC and blogger/podcast host Packy McCormick.
What is Metahood’s intent?
Metahood’s platform is intended to provide more context for purchasers of metaverse land than a general-purpose NFT marketplace. It employs a map-driven interface to display available land plots in relation to those nearby, offering a sense of the larger neighborhood or district while highlighting landmarks, sales trends, adjacent land owners, and more.
At this time, the reality of the metaverse falls well short of the ambitious vision of Web3 and non-Web3 developers. Horizon Worlds is a far cry from Meta’s final vision of a comprehensive metaverse.
Metahood supports early and in-development metaverse gaming worlds such as Decentraland, The Sandbox, Otherside by the Bored Ape Yacht Club, and Somnium Space. The platform will support native NFT land plot listings from individual users, as well as aggregate listings from markets such as OpenSea and LooksRare, layered with additional content.
The platform plans to add more metaverse worlds as they come out. It will also add more features and build a hub that will make it easier for Web3 users to find metaverse experiences. Esnault is the only founder, and he is in charge of a three-person team right now. He plans to use the funds to employ more people and improve the platform over time.
In some Web3 metaverse worlds, land plots are represented as NFTs — blockchain tokens that represent ownership of a unique property — that users are free to buy and sell. Typically, these plots can be used to construct and deploy digital goods and experiences, such as interactive games, and can be rented out or otherwise monetized.
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