Other well-known investors joining in this round are Hartbeat Ventures of Kevin Hart, the D’Amelio family, Punk6529, Snowfro, Sebastian Knutsson & Riccardo Zacconi, etc.
As in the release, teams can concentrate on building worlds and experiences because Ready Player Me gives developers an avatar system. The platform also allows distribution through its network and generates a new source of income through the sale of interactive avatar assets and a cross-game economy.
Timmu Tõke, co-founder and CEO of Ready Player Me believes that with the additional funding, the firm will be able to scale the Avatar system to give developers more flexibility and develop new tools to support the monetization of Avatar assets as well as tools that enable creators to participate in the cross-game Avatar marketplace.
“What will unlock the true metaverse experience is interoperability between games, worlds, and applications and a consistent identity for users across all experiences,” the CEO said.
Meanwhile, Jonathan Lai, partner at Andreessen Horowitz noted:
“Ready Player Me is loved by both developers and players as the largest platform for avatar-systems-as-a-service and is well on their way to building the interoperable identity protocol for the open Metaverse.”
According to a recent study, Metaverse usage in the gaming industry has increased, especially after the Covid-19 outbreak. A report by Grand View Research predicted that by 2030, the global Metaverse market will reach a value of $678.8 billion. As such, the market is expected to grow at a CAGR (Compound Annual Growth Rate) of 39.4% throughout the forecast period.
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