Upland, a Palo Alto, CA-based provider of a web3 metaverse platform, raised additional $7M in Series A funding extension.
The round, which brought the total amount to $25M, saw participation from EOS Network Ventures as a new investor, alongside participation from existing investors C3 Venture Capital, Animoca Brands, and angel investors.
The company intends to use the fund to advance its roadmap and continue its path of innovation including the introduction of new features and platform components that will use artificial intelligence.
Upland is a web3 metaverse platform mapped to the real world on a mission to build a digital open economy. Its ecosystem is a diverse community of players, entrepreneurs, creators, developers, and brands, all benefiting from ownership and guaranteed intellectual property rights empowered by blockchain technology. Currently, it is a widely-used web3 platforms with over 3 million registered accounts, nearly 300,000 landowners, and has sold more than 6 million NFTs. The platform offers various activities for players and creators, including virtual property trading, world-building, collecting, and fun competitions like car racing. Metaverse entrepreneurs can also operate their own shops, contributing to the economy by UPX, the native currency which serves as a medium of exchange, and Spark, a utility token that fuels the value creation by a highly-engaged community.
Upland has additional offices in Las Vegas, Ukraine, and Brazil.
FinSMEs
20/10/2023