The Kingdom Metaverse Attracts $3.6 Million from Alameda Research and Other Investors

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Culture-focused metaverse The Kingdom has recently raised $3.6 million in a private funding round.

According to the press release, investors in the project include Alameda Research, Infinity Ventures Crypto, Newman Capital, Liquid Lab Ventures and others.

The company has reported that it will use the funds to create the working capital of the company.

According to the team behind the project, The Kingdom will be an open-world metaverse where users can interact, play, and create content. The project will cooperate with global brands, allowing them to release NFTs for sale or various activities.

The company CEO Josh Kovac has said:

“Our goal is to create a social center. Inspired by the endless bustle of Asian metropolises, Miraijuku is the first city to be discovered and unlocked in The Kingdom.”

The team is negotiating with various companies, cultural figures and NFT-related projects.