MetaFi, UAE-based Metaverse Startup Secures $3 Million in Funding Round
MetaFi, a UAE-based metaverse startup, has raised $3 million in funding from DoublePeak Group, Maven Capital, OKX Blockdream Ventures, Megala Ventures, Magnus Capital, Legion Ventures, SL2 Capital, X21 Digital, Good Games Guild, MetaGaming Guild, Mintable Go! Fund, and Athena Ventures.
Matt Danilaitis founded MetaFi earlier this year to provide a full suite of services related to decentralized finance (DeFi) and non-fungible tokens (NFT) across the metaverse, Gamefi, SocialFi, and Web3.
“Most trading platforms compete with nearly identical products,” said Matt Danilaitis, Founder of MetaFi. MetaFi reinvents the trading experience by making it more enjoyable, engaging, and social. MetaFi will aggregate major decentralized protocols with deep liquidity in the Trading World, wrapped in a new gamified trading environment designed to be a seamless onramp for non-crypto audiences. We appreciate our strategic partners’ assistance in bringing Web3 asset trading to the masses.”
The funds will be used to develop MetaFi’s first core product, the Trading Metaverse, a new type of social trading experience governed by its users. Over 90,000 people have been added to the waitlist for the platform’s launch later this year.
