The goliath of gaming Epic Games has entered the metaverse offering seed funding for startup UK technology company Hadean.
The company behind Fortnite teams up with investors 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel. European tech-focused venture capital firm Molten Ventures led the funding round that raised a total of $30 million.
Hadean was formed in 2015 with the goal of providing the infrastructure and computational power to run and, perhaps more importantly, monetize the metaverse. According to Hadean, this monetization is achieved with “distributed, spatial and scalable computing.”
The overall goal of project is to push the metaverse to a higher level with new infrastructure and experiences with maximum scalability.
“We want to bridge the physical and virtual worlds to help us make better decisions and ultimately improve the quality of our lives in the physical world,” he said. Craig Beddis, co-founder of Hadean and CEO of tech.eu on fridayyes
“Today’s virtual worlds are a limited experience: small-scale, isolated and insecure. The true success and mass adoption of the metaverse will depend on the ease with which creators can build their own experiences at scale, leveraging open and robust metaverse-as-a-service technologies.”
The convergence of Hadean and Epic Games is potentially intriguing. Some commentators already see Fortnite, Epic Games’ flagship title, as a metaverse or proto-metaverse. As one fan put it, “Fortnite isn’t really a video game. It’s a fantastic virtual meeting space.”
The Asociation could help Fortnite close that final gap in Metaverse territory and even become a fully immersive 3D world. So far, Epic Games still has not released a virtual reality version of the game. Now, you could have all the tools you need to do it.
metaverse doing fine
The recent investment in Hadean is another indicator positive for the nascent Metaverse industry. Other Metaverse projects that recently ran successful crowdfunding rounds include Alethea AI, which raised $16 million in August, and Ready Player Mewhich grossed $56 million the same month.
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