Ertha Metaverse Receives $5.4 Million in Funding

Play-to-earn project in BSC blockchain gaming, Ertha Metaverse announced that the company has raised a total of $5.4 million today. The announcement from Ertha Metaverse came amid a jump in the global adoption of the Metaverse ecosystem.

Some of the leading investors, including LD Capital, Polygon Syndicate, OKEx Blockdream Ventures, Shima Capital, GD10, Genblock Capital, Dialectic Momentum 6, X21, Terranova, AU21 and Zen Capital joined the funding round.

The latest funding announcement followed the recent launch of IDO’s by the company. Ertha Metaverse launched IDO’s on three of blockchain gaming’s most respected launchpads, Seedify, GameFi and RedKite. According to Ertha, the company has already sold more than 7,500 revenue-generating land plots.

While providing some details about the project, Xi, Partner of LD Capital, the leading investor of Ertha, said: “We have no hesitation to invest in Ertha after the first call with Ertha team. They have a proven track record in both the gaming and crypto industries. Coronavirus pandemic has forced governments to take various lockdown measures which placed huge pressure on economies and businesses. At this challenging time, we believe Ertha is going to gain more adoption from traditional game players and start a new era of Play to Earn.”

Metaverse

The Metaverse ecosystem is growing rapidly. Last month, Barbados, an eastern Caribbean Island, announced that the country is planning to launch the world’s first Metaverse embassy. For that, Barbados’ Ministry of Foreign Affairs and Foreign Trade have signed an agreement with Decentraland. According to a report published by Grayscale, active Metaverse users jumped by 10x since the start of 2020.

“Players are given the opportunity to right the wrongs of our past by building a new world, from the ground up. Extract resources, develop land, re-build economies, and re-form countries and their governments in the way they see fit. Each player’s actions can have a lasting impact within an ever-evolving metaverse,” Ertha Metaverse noted.