Realm, Republic’s Metaverse firm, has relaunched as Everyrealm and raised $60 million in Series A funding as a result. According to a recent securities filing, the investment round included more than 30 investors.
Republic is a major online capital formation platform that assists businesses in raising the funds they require to expand. The company offers a variety of verticals aimed at various industries. As well as the ability for issues to raise money under Reg CF, Reg D, and Reg A+. Republic would join the corporation as a minority shareholder.
Everyrealm’s CEO, Janine Yorio excitedly noted that their virtual shopping site on Decentraland sold a whooping 10,000 items in under an hour.
The metaverse has turned into a digital land grab, with participants recognizing that the first-time benefits can be significant.
Realm/Everyrealm has established itself as a key participant in the metaverse, with a war chest to aid the platform’s expansion.
Republic Realm previously announced on Republic that it has raised $75 million in a 2021 stock offering. A representative explained to certain investors how the Series A affected their investment:
“This is a public offering for Realm Metaverse Real Estate Inc., a firm run by Everyrealm (formerly known as Republic Realm). When you invest in a Fidelity ETF, you are investing in an ETF by Fidelity, and you are not investing in Fidelity, the firm.”
Andreessen Horowitz, Coinbase, Lightspeed, and, yep, Paris Hilton are among the Series A investors.
Everyrealm has reportedly invested in 25 different metaverse platforms and currently has over 3,000 NFTs, according to a report.
Janine Yorio, CEO of Everyrealm, told Techcrunch that the company began out as a metaverse investor but now considers itself a metaverse content developer, noting that their virtual retail site Decentraland sold 10,000 things in approximately an hour.
and then