- Metahood is a space designed for trading digital terrain, including interactive maps for popular metaverses like The Sandbox and Decentraland.
- Metahood has raised $3 million in a seed round of funding led by crypto VC firm 1confirmation, with participation from Volt Capital, Flamingo DAO, and Neon DAO.
- The main objective of this platform is to simplify the acquisition and sale of digital real estate, providing the user with all the necessary information for it.
Since the CEO of Facebook, Inc. Mark Zuckerberg, announced at his 2021 Facebook Connect event, the new name of his company, mainly to differentiate the parent company Facebook, Inc. from the social network Facebook, by changing the name of the first to Meta (in reference to the word “metaverse” (metaverse), the metaverse became a topic of conversation.
Although there were already companies that were working in this virtual space, Zuckerberg’s announcement boosted the interest of Internet users in this topic, which is why it peaked at the beginning of last year.
Among the possibilities offered by the metaverse, there is going to virtual concerts, purchasing products such as clothing or cosmetics in established online stores, as well as digital properties, but just as in real life, It will be necessary to manage all this, have a platform for selling properties.
It is precisely this platform that is being developed by Metahood, a space designed for trading digital terrain, including interactive maps for popular metaverses: The Otherside, The Sandbox, Decentraland, On Cyber, WorldWide Webb Land, Treeverse, Somnium Space, and Voxels. Metahood also aggregates liquidity from various exchanges, such as OpenSea, LooksRare, and Sudoswap.
Such is the interest that Metahood has caused, which was recently officially launched in beta version, and managed to get hold of no less than $3 million dollars in an initial round of financing led by the crypto VC firm 1confirmation, in addition to having had the participation of Volt Capital, Flamingo DAO and Neon DAO.
Likewise, the financing also had the participation and funds of prominent participants in the crypto environment, such as Sébastien Borget, the co-founder of The Sandbox, John Crain, the co-founder of SuperRare, Brian O’Hagan, the growth leader of Sorare and the blogger and podcast host Packy McCormick.
Digital registry?
As we pointed out earlier, the platform of Metahood has the purpose of working as a space in which users can learn more about specific data of a digital plot.
In this case, it would work as a type of real estate cadastre, but in the digital world. Consulting the cadastre in the real world is very important, especially when planning to acquire a property, since it is possible to consult certain characteristics of the property, such as its legal and legal situation or its location, among other data.
Similarly, Metahood has the ability to provide larger context to metaverse land buyersthan a general purpose NFT marketplace could provide.
Its service works based on a series of maps, which allow it to show the available land in relation to those that are around it, which allows an overview of the neighborhood, in addition, in this way, points can be clearly visualized. reference, in addition to highlighting sales trends, nearby landowners, among other data.
Basically, The main objective of this platform is to simplify the acquisition and sale of digital real estate, providing the user with all the necessary information to do so.
“It is a pain to trade digital land in traditional markets. Land trading requires knowing where you are on a map, what/who is around, and how much you are worth based on your location. So we decided to do something about it.”Metahood wrote on Twitter.
Although it can be very attractive to acquire digital real estate, as with cryptocurrencies, it is necessary to have a basic knowledge and go step by step, to avoid losing the investment.
Thus, digital land may seem like a great investment, however, it is not without some risks.
The first of these is that it may be the case that the virtual parcel might not have the expected valuewhich can be translated as a financial loss for the buyer.
There is also the possibility that the metaverse you are in the digital earth from falling over, rendering the earth useless. Similarly, the virtual environment may experience technical problems, which would prevent access to the land.
Likewise, the worst case scenario is that the virtual world is actually a fraud, putting buyers at risk of losing their money.
Therefore, platforms that can guide users and provide detailed information will add a lot of value to the market.
You might be interested in: