Metaverse infrastructure platform InfiniteWorld plans to raise US$145 million through SPAC listing

[Metaverse infrastructure platform InfiniteWorld plans to raise US$145 million through SPAC listing] According to news on August 4, Metaverse infrastructure platform InfiniteWorld plans to go public through a SPAC (Special Purpose Acquisition Company). The company hopes to cooperate with Aries I Acquisition Corporation ( RAM) and raised $145 million in the public market.

In addition, InfiniteWorld also announced the acquisition of the game studio Super Bit Machine, but the specific acquisition amount has not yet been disclosed. Super Bit Machine has scalable technology around games and gaming infrastructure, and this acquisition will enhance InfiniteWorld's ability to deliver Web3 experiences and virtual world services to brand clients. (venturebeat)

Other news:

Zhao Xing from Fudan University: The development of China Metaverse will be based on the people-oriented goal, the strategy based on virtual strength and reality, and the industry of virtual and real interaction: On August 21, the 2022 Global Metaverse Conference was held in Shanghai. Fudan University International Intelligence Evaluation and Zhao Xing, deputy director of the Governance Experimental Base, said that the middle and ultimate form of the metaverse cannot be predicted. At this stage, it is easy to make mistakes in precise definitions, but the attention to people should not be ignored. Metacosmization is a socialization process. Technology, industry and economic system are just processes or tools. Metaverse needs to pay special attention to people as the core role of society. With the improvement of human progress and well-being, the promotion of social fairness and welfare, as the first point of view. The development principles of China Metaverse will be the people-oriented goal, the strategy of using the virtual to strengthen the real, an inclusive and prudent attitude, independent and controllable technology, an industry that interacts with the virtual and the real, and an agile governance mechanism. [2022/8/21 12:38:38]

The Sandbox acquires game development company Cualit to accelerate its Web3 and Metaverse development: On May 19, The Sandbox announced the acquisition of Uruguayan game development company Cualit to accelerate its Web3 development and Metaverse development. At the same time, Cualit will be renamed The Sandbox Uruguay, expanding The Sandbox's global team. The Sandbox stated that Cualit has rich experience in games and hopes that their expertise in web design and user flow can help them attract more users. [2022/5/20 3:29:10]

Metaverse project Everyrealm completes $60 million in Series A financing, led by a16z: On February 11, Metaverse project Everyrealm announced the completion of $60 million in Series A financing, led by a16z, Coinbase, NGC Ventures, Dragonfly Capital, Hashed, Lightspeed, Griffin Gaming Partners, LibertyCity Ventures, Dapper Labs, Foresight Ventures, Animoca Brands and other institutions participated in the investment.

It is reported that Everyrealm shapes the metaverse through investment, management and development of assets, including NFT, virtual real estate, metaverse platform, games and infrastructure, etc. [2022/2/11 9:43:50]