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With $60M women-led metaverse startup closes the largest funding round ever

Janine Yorio

Metaverse is 2022’s buzzword!

There is a huge ongoing shift from the actual economy to a digital economy across the globe. This has drawn attention to everything that’s digital and has the potential to disrupt various sectors including cryptocurrency and Metaverse.

In fact, the term metaverse was first introduced in 1992, which was introduced in 1992 in a speculative piece of fiction called Snow Crash by Neal Stephenson. In this novel, Stephenson describes Metaverse as a large virtual environment.

However, Mark Zuckerberg’s announcement about Meta in October last year drew all the attention to the Metaverse. Soon after, we’ve been seeing it unfold gradually as time goes by from video games to virtual workspace environments.

Meet Everyrealm!

The latest company to jump into the metaverse bandwagon is Everyrealm (previously Republic Realm).

Currently, the company has holdings in 25 metaverse platforms, has developed more than 100 metaverse real-estate projects, owns over 3,000 NFTs, and manages an e-sports gaming guild.

Recently, Republic Realm, one of the most active investors in and developers of the metaverse ecosystem, announced that it is changing its name to Everyrealm.

Besides, the company also announced that it has closed a $60M Series A financing round led by Andreessen Horowitz. This marks one of the largest Series A funding rounds for a company led by a female CEO.

Investors

Other investors in Everyrealm’s Series A financing round included Coinbase Ventures, NGC Ventures, Dragonfly Capital, Hashed, Lightspeed Venture Partners, Griffin Gaming Partners, Liberty City Ventures, Dapper Labs, Brevan Howard, Flamingo DAO, Wilshire Lane Capital, Pillar VC, Valor Equity Partners, Foresight Ventures, Animoca Brands, OneFootball, the Sandbox, Electric Feel Ventures, Goldentree, and Everblue as well as individual investors Nas, Paris Hilton, Gunna, Mario Götze, Baby Keem, Jeffrey Katzenberg, Gene Simmons, Lil Baby, Randi Zuckerberg, Mark Pincus (of Zynga), Fara Leff, Ebonie Ward, Jeffrey Zirlin (of Axie
Infinity), Sebastien Borget (of the Sandbox), Lucas Van Cranach (of OneFootball), Lauren Selig, Jonathan Cohen, Anthony Saleh, and Andrew Farkas.

Reshaping metaverse

Co-founded by TJ Kawamura, Julia Schwartz, Jesse Stein, and Kostas Ketikidis, Everyrealm is the best known for its vast metaverse real estate holdings and developments in leading metaverse platforms including the Sandbox, Decentraland, and 23 others.

The company’s metaverse real estate development projects include Fantasy Islands, an ultra-luxury master-planned community in the Sandbox that sold an associated NFT megayacht for 150 ETH ($650,000).

Metajuku, a shopping district in Decentraland, Realm Academy, the premier online educational campus in the metaverse, which is located in Somnium Space, and the GFT Shoppe, a multi-metaverse retail concept that sells NFTs inspired by cult brands like Atari.

“Metaverse real estate development is all about placemaking. Everyrealm creates innovative and addictive social spaces that are futuristic and interactive like video games but still familiar to a mainstream audience, by invoking real-world architecture, culture, and events. Everyrealm is developing this interactive content across many genres, including sports, education, fashion, gaming, art, and social experiences–all designed to draw users to the metaverse. We are also creating the infrastructure required to distribute that interactive content to a global, mainstream audience,” said Janine Yorio, CEO of Everyrealm.

“We are building the gateway to the metaverse, to do for the metaverse what Coinbase did for crypto, what Netflix did for streaming entertainment, and what Google did for the internet,” she says.

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