Realm Closes $2.25M for Seed Investment to Build NFT Powered Microverses – Press release Bitcoin News

The company behind the first mobile game featuring non-fungible tokens (NFTs) is raising $2.25M in seed funding to further develop their technology. Realm is building a public network for digital collectibles, which will enable users to buy, trade, and play games with anything from Pokémon to CryptoKitties. The network will be powered by the company’s signature mobile game, CryptoRome, which is based on the popular historical strategy game, Risk, but with a crypto-twist. It is slated to launch in 2020 and will be one of the first games to enable true ownership of digital assets via the blockchain.

Although there are a number of niches that blockchain technology has not yet impacted, one sector that is ripe for disruption is gaming, and in particular virtual worlds, which have been popular for two decades. (A virtual world is a digital world where users can create an avatar or character and explore a landscape and interact with other characters.) In fact, there are already a number of blockchain-based virtual worlds in development. One of the most promising is Realm.

Multiverse is a new platform for building game worlds, social networks, and economic systems. It’s a game engine for the creation of new worlds, ones that work like blockchain-based cryptocurrencies. The platform’s first release is set to arrive in 2019, and it will feature a set of tools to help users build game worlds and crypto-economies. These tools will make it easy for users to create their own worlds, by making it simple to create new assets and rule systems that govern their operation.. Read more about is bitcoin safe and let us know what you think. Press release PRESS RELEASE. Realm, a new NFT microverse platform, closed its first investment round of $2.25 million led by Alphabit with strategic investments from NGC, Genesis Block Ventures, LD Capital, Moonrock, SL2 and other funds. Realm aims to challenge existing NFT platforms by providing developers and players with their own meta-universe, aptly named micro-universe. Each microcosm, or kingdom, is accompanied by the original, genetically encoded blockchain avatar. The NFT platform aggregates OpenSea’s extensive NFT market and works with Reef Chain to leverage substrates and the Polkadot framework for interoperability across chains. We spent six months working on how the Metaverse blurs the lines between digital and virtual realities. We are excited to be joined by world-class investors who share our vision of making everyone master of their own empire, says Matthew Larbi, CEO and Founder of Realm. Alphabit made a seed investment in this innovative NFT project that combines AR and VR to bring the world of digital collections to life. It shows what the future could look like and paves the way for a new metaconset, says Liam Robertson, CEO of Alphabit. Realm plans to use this investment to further develop the team, accelerate the development of simple tools for creators to democratize creativity, and create a wide range of smart objects that allow artists to express themselves in virtual space. Realm users will be able to use the platform in a variety of ways. For example, they can use their phone’s AR feature to enter their microcosm using the Magic Window AR technology developed by the Realm team. Residents of Microcosm can apply for early access to their kingdom, which will be built in the 3rd century. It is expected to debut in the fourth quarter of 2021. ON THE RICH Realm is an open source community project for creating custom meta-universes. Realm lets creators combine music, art and games to create the perfect Realm and mine it as ERC-1155. Explore art galleries in space, underwater auctions through augmented reality portals, and collect pets through cross-channel genetics. Media contact: Cassie Doubleday / [email protected] Location: UNITED KINGDOM Website: https://www.realm.art/ Twitter: @Enter_Realm Telegram: https://t.me/Enter_Realm Instagram: @Enter_Realm This is a press release. Readers should exercise their own due diligence before taking any action with respect to the advertised company or any of its affiliates or services. Bitcoin.com shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services mentioned in the press release. Photo credit: Shutterstock, Pixabay, Wiki CommonsRealm, an open source mobile database, announced today that it has closed $2.25 million in seed investment to develop the company’s mission to open the world’s first completely decentralized, server-less, browser-less, frictionless, decentralized, encrypted, tokenized, non-fungible, virtual reality powered realm.   Realm’s non-fungible tokens (NFTs) are unique digital assets that can be used to build applications that simply weren’t possible before, including games, virtual worlds, and ownership of digital artwork. These NFTs are stored on the Ethereum network, and users can interact with them, whether they’re on the Ethereum blockchain or running in. Read more about cryptocurrency prices and let us know what you think.

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