The metaverse has proven to be a huge investment for many companies, despite the platform not being well-known to the mainstream public. Ready Player Me, a cross-game metaverse platform focused on avatars, will continue that spending trend as it has raised over $50 million through funding.
Avatars are a major part of the metaverse going forward, so a platform that works on this feature could warrant that money. But will Ready Player Me prove to be a successful long investment if the metaverse continues to be a niche product?
Ready Player Me is ready
Venturebeat reports that Ready Player Me has secured $56 million after a funding round led by Andreessen Horowitz (a16z). With the money secured, Ready Player Me is expected to invest in growing its business and likely improving its metaverse avatars.
Our bigger vision is to connect the metaverse through avatars,” said Timmu Toke, co-founder and CEO, Ready Player Me, in an interview with Tech Crunch. “There may be metaverse [experiences] owned by big companies, who will make all the rules, but there is a vision of an open one where people can travel, built by millions of developers, where no one controls the whole thing.
Like most metaverse platforms, Ready Player Me is attempting to push others towards the metaverse with its avatars. Toke reiterates this, saying: “Like the internet. We’re trying to push the world towards that metaverse.”
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Ready Player Me continues to grow
As if getting $56 million wasn’t enough, Ready Player Me already has a number of notable investors that are involved. David Baszucki, co-founder of Roblox, Justin Kan, co-founder of Twitch, Sebastian Knutsson, and Riccardo Zacconi, King Games co-founders are only some of the names involved.
With over 3,000 partners invested in Ready Player Me, it’s clear that the cross-game metaverse platform is expected to be a big deal. If the metaverse ever becomes a mainstream platform, which is becoming more and more likely, expect Ready Player Me to have a major presence.