Style Protocol, a Zug, Switzerland-based company that transforms NFTs into 3D assets, raised $2.5M in Seed funding.
Backers included Morningstar Ventures, Dutch Crypto Investors, GBV Capital, Protocol Labs and Alpha Ventures.
The company intends to use the funds to expand operations and development efforts.
Founded by Leo Hilse, STYLE aims to help gamers transcend identity across the multiverse — meaning NFTs and other virtual assets can be used in any game, anywhere. The protocol’s focus on interoperability is designed to enhance adoption, lower barriers to entry, and deliver a better experience for players. The platform builds on Polkadot.
Commenting on the news, Leo Hilse said: “When it comes to virtual reality and the metaverse, we’re so early. Expensive VR headsets are only available to a few right now, but they’re on the cusp of becoming mainstream. STYLE Protocol is tackling a key barrier to adoption before it becomes an issue: making sure that any in-game item or NFT can travel between virtual worlds, just like a player sitting in their living room would. It takes hours of skill or a significant amount of cash for a gamer to earn rare items, and we want to ensure they get value for money by being able to take it with them wherever they go.”
FinSMEs
07/05/2024