Metahood, a start-up that aims to create a platform for buying and selling virtual real estate in the metaverse, has raised $3 million in seed funding. The round was led by crypto venture capital firm 1confirmation, and included participation from Volt Capital, Flamingo DAO, Neon DAO, and notable angel investors in the space like 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.
The metaverse, a term used to describe a collective virtual shared space, has been gaining traction in recent years as advancements in technology continue to blur the lines between the physical and digital world. The Metaverse is seen as the next evolution of the internet, where users can interact with each other and digital objects in a fully immersive, 3D environment. As the metaverse continues to grow and evolve, it has become clear that the buying and selling of virtual real estate will be a crucial component in its development. This is where Metahood comes in.
Metahood’s platform is designed to deliver more context for metaverse land buyers than a general-purpose NFT marketplace. It uses a map-driven interface to show available land plots in relation to those around it, providing a sense of the wider neighborhood or district while pointing out landmarks and highlighting sales trends, nearby land owners, and more. By providing a comprehensive view of the metaverse land market, Metahood aims to make it easier for users to make informed decisions when buying or selling virtual real estate.
“We really want to provide as much information and context as possible when you buy land,” said Metahood’s founder Gwendall Esnault. “We understand that buying virtual real estate can be a confusing and overwhelming process, especially for those who are new to the metaverse. Our goal is to make it as simple and straightforward as possible.”
The platform supports land from several metaverse game worlds, such as Decentraland, The Sandbox, the Bored Ape Yacht Club’s Otherside, and Somnium Space. The platform will support native NFT land plot listings from individual users, as well as aggregate listings from marketplaces like OpenSea and LooksRare, while layering in added context. The platform plans to add more metaverse worlds as they emerge, while also building up its feature set and developing a hub for Web3 users to more easily discover metaverse experiences.
One of the key features of Metahood’s platform is its map-based interface. The map shows all available land plots in the metaverse, making it easy for users to quickly see what’s available and where. It also provides a sense of the wider neighborhood or district, highlighting landmarks and sales trends. This information is crucial for users looking to invest in virtual real estate, as it allows them to make informed decisions about where to buy.
Another important aspect of Metahood’s platform is its ability to support land from multiple metaverse game worlds. This means that users will have access to a wide range of virtual real estate options, regardless of which metaverse they choose to participate in. This is particularly important as the metaverse continues to evolve and new game worlds emerge.
The platform also plans to add more features in the future to make it even more user-friendly. For example, it’s developing a hub for Web3 users to more easily discover metaverse experiences. This will make it easier for users to find the experiences that interest them and get involved in the metaverse.
The reality of the metaverse is still far from the ambitious vision of builders both within the sector and those outside waiting for the results. There are many things that need to be done and considered before there can truly be a full product brought out to the masses. At the moment the metaverse is still like silicon valley in its early stages, there are many avenues to explore and Metahood may just be on the cusp of greatness with this idea.