Culture-focused metaverse of The Kingdom has raised $3.6 million in a private funding round.
According to the statement, Alameda Research, Infinity Ventures Crypto, Newman Capital, Liquid Lab Ventures and others invested in the project. The funds will be used to create the working capital of the company.
According to the team, The Kingdom will be an open-world metaverse where users can interact, play, and create content. The project will collaborate with global brands, allowing them to release NFTs for sale or various activities.
The project chief executive officer Josh Kovak commented:
“Our goal is to create a social center. […] Inspired by the never-ending bustle of Asian metropolises, Miraijuku is the first city to be discovered and unlocked in The Kingdom.”
The team is conducting negotiations with various companies, cultural figures and NFT projects. The first partnership agreements are expected to be announced in the second quarter of 2022.
