AlterVerse secures funding from Binance Labs, Polygon Ventures, etc to launch Sky City

AlterVerse has announced that it has secured funding from a range of venture capital firms, including Binance Labs and Polygon Ventures.

“AlterVerse is a beautiful amalgamation of real-world experiences and high-end gaming in the metaverse,” said Shashwat Gupta, Co-founder of Baselayer Capital and CEO & Founder of Altcoin Buzz. “The vision and scale of the project is impressive, and what has already been developed is stunning. I look forward to continuing to support the AlterVerse team on this journey.”

This successful funding was conducted through the BNB Chain based $ACE token, which will be used (long term) as an in-game currency for the Alterverse community. This announcement follows AlterVerse’s recent completion of the Binance Labs Incubation Program, in which it was one of 14 projects selected from a pool of over 500 applicants, as well as the Altcoin Buzz Labs incubator.

With this new funding, AlterVerse will likely be pressing on with its alpha launch in Q4 2022, along with continuing with the development of Sky City – the game’s central hub. Built on Unreal Engine 5, SkyCity is the project’s first world in what will be a metaverse of interconnected servers owned and operated by players.

Along with the successful incubator, AlterVerse has now secured over 75 partnerships, including Razor scooter, digital sports fashion platform Fancurve, X Rocker gaming furniture, Hugh Jackman’s Laughing Man Coffee, and Members Only. The team has also been working with long-time partner Enjin to integrate Efinity, the first Polkadot parachain dedicated to NFTs.

“AlterVerse is building at the forefront of metaverse gaming,” said Shitij Gupta, Co-founder of Baselayer Capital. “We love their team’s vision and passion for building an unprecedented decentralized gaming experience, and we’re proud to support them in making this vision a reality.”

For more information, visit the AlterVerse website.

AlterVerseBinance LabsInvestmentPolygon
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