Metaverse Avatar Creator Ready Player Me raises $56 million in a16z-directed B-Series

Avatar James Lochner 2 years ago

Ready Player Me, an Estonian company that creates avatars in the Metaverse, has raised $56 million in a Series B funding round led by Andreessen Horowitz’s crypto and gaming funds, according to a release of press.

Investors also include Twitch co-founder Justin Kan, Roblox co-founder David Baszucki, and Kevin Hart’s Hartbeat Ventures, among others.

At Ready Player Me they started building 3D scanning hardware and went on to build custom avatar systems for companies like Tencent, Huawei, HTC, Wargaming and Verizon.

In May 2020, we launched Ready Player Me and quickly scaled it to over 3000 customers across the Metaverse. We are incredibly proud to work with VRChat, Spatial, Hiber, Pixelynx, Adidas, RTFKT and Dior, among many others.

GameFi slows down, but Avalanche shows signs of resurgence

The latest data surrounding the GameFi industry has raised questions for Avalanche lately.

Under DappRadar, GameFi addresses experienced a significant increase to 1.5 million in the second half of 2021, then gradually decreased by about a million.

In retrospect, this is a much better performance compared to the performance of the DeFi address in the same period. Quite simply, it means that the GameFi industry has matured and can still retain users in the downtrend.

Despite this reduction, Avalanche has seen an increase in the development of some of its subnets on GameFi.

According to a recent update, there has been a noticeable increase in the number of transactions and daily active users since the launch of the following subnets: DeFi Kingdoms and Swimmer Network.

Cryptotrader doubles its portfolio in a month betting against what Jim Cramer says

The famous cryptocurrency trader AIgod, on Twitter, has caused a smile in the community after announcing that he has doubled his “Inverse Cramer” portfolio in just one month, “simply” trading in reverse to CNBC’s Mad Money host Jim Cramer.

In his latest tweet on Monday, the trader, who became famous on Twitter for pre-empting Terra’s fall earlier this year, said he just switched to a long position on his Jim Cramer reverse account following a bearish tweet from Cramer about the state of the Nasdaq.

That same day, Algod announced that Cramer’s reverse account had “officially doubled” for the first time, reaching a net worth of $101,440.71, from an initial amount of $51,470.56 on July 19, when he used 35 Ether as collateral.

Telegram founder proposes a marketplace that could use “NFT-like smart contracts” to auction highly coveted usernames

Pavel Durov, founder of the encrypted messaging app Telegram, has proposed the idea of a marketplace that could use “NFT-like smart contracts” to auction highly coveted usernames.

Durov made the suggestion following the “success” of the domain name auctions of The Open Network (TON), a layer 1 blockchain originally designed by the Telegram team. The blockchain project launched the TON DNS service, which allows users to assign human-readable names to crypto wallets, smart contracts and websites in mid-July.

In a message to his personal Telegram group called Durov’s Channel on Tuesday, he noted that he was “really impressed by the success of the auction that TON recently held for their domain names/wallets.”

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