U-topia, a Dubai, UAE-based Web3 entertainment company, received a $850K investment from GDA Capital.
The company intends to use the funds to develop features and technologies from its platform, enhance its capabilities, and consolidate its position at the intersection of the IP and blockchain industry.
Led by CEO Emmanuel Quezada, U-topia empowers a gamified multiverse that transforms users’ engagement with NFTs by offering entertainment products such as video games, music, and movies backed by NFT provenance. It leverages top Intellectual Property (IP) from Web2 such as content from sports matches by professional teams, and video game content similar to Bandai Namco, while offering rewards & benefits from Top 100 retailers like Nike and prime NFT collections from Web3. Through its wallet, U-topia aims to integrate it into all Web3 Dapps & Games allowing mainstream adoption of digital assets.
FinSMEs
07/04/2024