Metaverse Magna Raises Seed Funding

Metaverse Magna

Metaverse Magna (MVM), a P2E guild project from Africa, raised a seed funding round of undisclosed amount.

Wemade made a strategic investment in the company to expand the ecosystem of WEMIX3.0 and start business in Africa for the long term.

MVM is an African P2E guild project which supports Africa P2E gamers and developers. It is helping gamers in Africa through its community and self-developed app, Hyper. It plans to expand its business by providing guild management tool through developing its own OS, P2E game software design kit for game developers, gaming DeFi services and more.

Founded by Yele Bademosi, former director in charge of the Africa region at Binance Labs, who oversaw investments and incubations for startups, MVM’s parent company, Nestcoin, supports and invests in crypto projects in Africa.

Also with MVM as Africa’s first and biggest gaming DAO, Nestcoin supports the overall P2E game lifecycle of various P2E games that it has invested in, such as incubation, launchpad support, token/NFT public sales and game operation.

FinSMEs

06/09/2022