UK Fintech Hadean Raises $30M in Series A to Develop its Metaverse Projects
- Founded in 2015, Hadean has attracted major crypto oriented ventures funds and worked with reputable companies like Minecraft, Epic Games, Sony, Gamescoin, Pilxelynx, and Francis Crick.
- With the latest funding round, the company has announced that it will develop tools to help content creators on its metaverse projects access emerging markets.
- The metaverse market has attracted real world industries including tech companies and also the professional sporting sector.
A London-based fintech startup, Hadean, has announced that it raised around $30 million in Series A funding round led by Molten Ventures. Other investors who took part in the just concluded Series A funding round include 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel. According to the announcement, the funds are expected to be channeled towards building a futuristic metaverse infrastructure.
“Hadean’s computing power will provide the infrastructure that’s needed as we work to create a scalable metaverse,” said Marc Petit, VP, of Epic’s Unreal Engine Ecosystem.
Petit added that the company’s technology complements Epic’s Unreal Engine by enabling massive amounts of concurrent users and unlocking new tools for creators and developers.
“We are pleased to contribute to Hadean’s growth and look forward to continuing to work together to lay the foundation for the metaverse,” Petit noted.
Hadean is on a mission to upgrade the quality of life through the metaverse and the NFT industry. Moreover, the NFT market is an integral part of the metaverse market, whereby they are both building blocks for the GameFi industry.
Hadean and the Metaverse Industry
Founded in 2015, Hadean has attracted major crypto oriented ventures funds and worked with reputable companies like Minecraft, Epic Games, Sony, Gamescoin, Pilxelynx, and Francis Crick. For instance, the London startup has worked with Molten Capital since 2019.
With the latest funding round, the company has announced that it will develop tools to help content creators on its metaverse projects access emerging markets.
Craig Beddis, Hadean Co-Founder and CEO said that today’s virtual worlds are a limited experience – small scale, siloed, and insecure.
“Hence why, these are the technical challenges we’re tackling today. But we believe 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. ….”
The metaverse market has attracted real world industries including tech companies and also the professional sporting sector. Facebook changed its public name to Meta platforms. The sporting industry is looking at the NFT market to help reach out to its fans from around the world.
Earlier today, Italian soccer club AC Milan announced a new collection of NFTs from Solana-based esports franchise MonkeyLeague.
Other sporting teams and individuals are looking towards the cryptocurrency, metaverse and NFT markets to not only keep in touch with customers but also increase their revenue collection.
Global cities like Dubai and Shanghai have set up a strategy to build the metaverse industry within their jurisdictions. Furthermore, the metaverse industry is likely to employ millions of users globally in the coming years.
I'm passionate about cryptocurrency. I began following the development of Bitcoin and other digital currencies in early 2013, and quickly became fascinated by the potential of this new technology. In the years since, I've followed the rise of the crypto industry with close attention, and written extensively on the subject. .
