Per a report from TechEu, a Metaverse startup called Hadean has partnered with gaming giant Epic Games. The London-based company has recently completed a Series A funding round, and it’s ready to expand its operations.
Hadean was successfully able to raise $30 million in its round, led by Molten Ventures, and additional support from 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First, and others. Epic Games contributed to the round.
Epic Games And Hadean Will Push Metaverse To The Next Level
In addition, the company will work with Hadean to aid them in the process of growing their metaverse capabilities, with scalable and interoperable features. The startup was founded over 7 years ago with the objective of revolutionizing distributed computing, and the metaverse.
The funds obtained via its Series A will be used to create and provide developers and creators with the tools to customize and design unique projects and experiences. Craig Beddis, Hadean Co-Founder and CEO said the following on their objectives and their recent Series A round:
We want to bridge physical and virtual worlds – to help us make better decisions and ultimately improve the quality of our lives in the physical world.
According to Beddis, the virtual world is limited with low scalability and security. Epic Games, Microsoft, and Meta (formerly Facebook) are investing billions in the Metaverse.
Big tech seems to believe that people will conduct most of their daily activities in the virtual world. The Hadean Co-Founder agrees with this idea, but believes companies should provide developers with the tools to create their own projects:
The true success and mass adoption of the metaverse will rely on the ease by which creators will be able to build their own experiences at scale, leveraging open and robust metaverse-as-a-service technologies.
Epic Games Invests Billions In The Metaverse
Epic Games has been highly supported by digital assets, innovation, and new trends. The company behind hits like Fortnite has raised over $2 billion to “advance” its vision of the Metaverse.
The video game company raised the funds via a special round with participation from Sony Group Corporation, and KIRKBI, the company that created the LEGO Group. The companies joined efforts to boost the digital sector, create new forms of social entertainment, and a bridge between the physical and digital worlds.
The recent partnership with Hadean and Epic seems to be another step in that direction. At the time of the $2 billion funding announcement, the CEO and Founder of Epic Games, Tim Sweeney said:
This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive.