Metaverse developer Digital Village has raised $4 million in funding, with significant investment from L’Oréal’s venture capital fund BOLD and the British Fashion Council.
In partnership with VeChain (VET), Digital Village is “building a scalable, sustainable and collectively prosperous metaverse.” VET price jumps 2% to $0.021 after announcing the news and prices not seen since November 12, 2022.
raised $4 million in funding, digital village aims to revolutionize the way retailers and communities engage with each other. This platform provides Web3 developers with powerful tools to build stunning virtual experiences within the Metaverse setting.
The funding will further enhance these capabilities by introducing new tools for 3D world development, allowing users to create digital environments like never before.
Not only that, seed procurement will be allocated to developing sophisticated avatar customization and a virtual store. Brands and content creators will be able to offer their customers the most immersive digital experiences possible.
L’Oréal Chief Metaverse and Web3 Officer Camille Kroely said L’Oréal invested in the Digital Village because they were looking for a leader for the Metaverse and Web3.
“We aim to work with the most promising start-ups that adhere to the highest possible visual and technical standards,” said Kroely. “We are delighted to partner with Digital Village. Digital Village’s solutions are powerful enablers for our brand and the ideals of sustainability, accessibility and interoperability in the Metaverse or Web3 are shared by us. Thing.”
Venture Reality Fund co-founder Marco DeMiroz said he is investing in Digital Village to make it easier for his platform to build to standards available to Web3 developers.
“There is no simple end-to-end solution for the virtual experiences that brands and creators have come to expect from e-commerce and website builder platforms,” said DeMiroz. “Digital Village’s model solves this by providing a robust and aesthetically advanced template to enable everyone to create accessible, interoperable and immersive experiences.”
What is Digital Village?
digital village is a revolutionary technology platform that enables developers to create fully immersive experiences with unparalleled ease. This allows you to build a metaverse ecosystem that is both resilient and scalable.
The goal of Digital Village is to build a fresh online landscape composed of 3D spaces. Its aim is to enable people to develop their digital identities with a focus on sustainability and inclusiveness.
What is VeChain?
Ve-Chain (VET) An advanced enterprise-level L1 smart contract platform. The platform aims to revolutionize the world through decentralized governance and IoT technology. Their mission is to eliminate data challenges in multiple industries around the world.
VeChain is forging new paths by disrupting traditional business models. The company’s secure L1 blockchain technology, which specializes in supply chain management, is already making waves. High-profile clients and government agencies are impressed by the decentralized trust layer his VeChain offers in his multi-party ecosystem.
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