MetaEstate, a metaverse service provider, completed a $1 million seed round led by Cryptomeria Labs and RockTree Capital on Sept. 6. The investors included Kirin Fund, IcarusArt, Waterdrip Capital, Consensus Lab, Chain Capital and Cryptogram Capital. The round also attracted a number of key opinion leaders in crypto art, nonfungible tokens and traditional venture capitals.

The metaverse is a digital universe that offers a unique experience to users. Digital real estate is the foundation of the metaverse as plots of virtual land allow users to develop and create on these parcels. With an increased interest in the space, the business forms of digital real estate sales, investment and construction management, as well as digital real estate finance are becoming increasingly developed.

As a pioneer in the space, MetaEstate has significant resource advantages in strategic layout as well as reasonable and efficient team building. The provider has also accumulated experience in the successful commercialization of digital real estate, which attracted the attention of many investors simultaneously with the development of its (digital real estate) potential.

MetaEstate introduced a series of strategic partners in this round of funding that will help its future development in the metaverse and NFT fields, global expansion, as well as industrial and financial cooperation. MetaEstate is guided by the mission of “helping anyone build a sense of presence in the metaverse,” the team shared.

Sergei Medvedev, managing partner of Cryptomeria Labs, said, “Metaverse and Gamefi is the most important direction for our investment and global incubation. The metaverse requires both patient management and careful service and the MetaEstate team is good at this. We are excited to work with MetaEstate in the future to discover and service great metaverse programs.”

“We hope to further collaborate with the MetaEstate team to discover more outstanding metaverse programs while better serving the metaverse ecosystem we have invested in building,” Omer Ozden, founder of RockTree Capital, told Cointelegraph.

“Southeast Asia is currently the most active region in the gaming and metaverse space. With the Kirin Fund base in Singapore, we will assist MetaEstate to integrate the relevant resources in Southeast Asia and grow rapidly,” Simon Li, founder of Kirin Fund, added.

“Metaverse has opened a new door to the world with unlimited opportunities and possibilities behind it. Metaverse service providers have lowered the barrier of entry to this world and strengthened the eco-activity, thus facilitating more people to come and visit and strike gold,” said Pan Liu, managing partner of Capital6.

“We are particularly bullish on the business opportunities for digital space developers,” said Cao Yin, managing director of the Digital Renaissance Foundation, adding, “Having previously participated as a general partner in initiating an investment in Republic Realm, the world’s first digital real estate developer, we invested this time because we saw more possibilities and market coverage for digital space development in MetaEstate. This investment is because we see more possibilities and market coverage for digital space development in MetaEstate. Digital is real, the consensus is faith, the metaverse is open to all, and MetaEstate will become an important builder of the digital world.”

Jackey, co-founder of MetaEstate, said, “MetaEstate is an international team covering the United States, Russia, Southeast Asia and China. Currently, we selectively serve Decentraland, The Sandbox and Cryptovoxels, and in the future, we will explore more metaverse programs and establish deep cooperation with them to provide more comprehensive and high-quality services and create better content on the metaverse.”

About MetaEstate

MetaEstate is a company that provides a full range of encrypted metaverse services, including buying, selling and leasing digital real estate, building an immersive experience, marketing planning and event execution. In the initial stage of digital real estate investment, MetaEstate’s professional team matched reasonable market pricing based on the true value of the land, formed a pricing mechanism and contributed to the healthy development of the digital real estate market.