A digital real estate-focused investment firm, Republic Realm, raised $60 million in a Series A round and announced a rebranding. It is now called Everyrealm.
Proud to announce that we closed on a $60 million Series A financing round led by @a16z. Other investors include @coinbase, @NGC_Ventures, @dragonfly_cap, @hashed_official, @lightspeedvp, Griffin Gaming Partners, @LCVentures, @dapperlabs, @neon_dao, @ParisHilton, @1GunnaGunna… pic.twitter.com/3vUV03IV1b
— Everyrealm (@Everyrealm) February 11, 2022
The round was led by Andreessen Horowitz. The funding also included Coinbase Ventures, Dapper Labs, The Sandbox, Animoca Brands, and other investors.
According to TechCrunch, the rebranding relates to spinning off Everyrealm as a standalone entity. Previously the firm represented the metaverse-focused arm of the Republic investment company. The latter remains a minority shareholder.
Everyrealm actively buys digital real estate and develops related projects. In June 2021 the company acquired a block of 259 virtual parcels of land in Decentraland for $913,000, in November — потратила a record $4,3 mln on a land plot in The Sandbox.
According to the company site, its portfolio includes over 3,000 NFTs, more than 100 digital real estate assets and one GameFi guild. Everyrealm has also invested directly in metaverse platforms and developer studios.
In January 2022, Microsoft announced the acquisition of Activision Blizzard. The parties called the deal a step toward creating a metaverse.
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