MetaFi, UAE’s metaverse firm, raises $3m in funding

MetaFi, UAE’s metaverse firm, raises $3m in funding

MetaFi raised $3 million in funding from various players in the Web3 industry: DoublePeak Group, Maven Capital, OKX Blockdream Ventures, Megala Ventures, Magnus Capital, Legion Ventures, SL2 Capital, X21 Digital, Good Games Guild, MetaGaming Guild, Mintable Go! Fund and Athena Ventures.

The platform will use the funding to build its first core product, the Trading Metaverse, a new kind of social trading experience governed by its users. Over 90,000 people are on the waitlist for the platform launch later this year.

“Most trading platforms compete with nearly identical products. MetaFi reimagines the trader’s experience: making trading fun, engaging, and social. With the Trading World, MetaFi will aggregate major decentralized protocols with deep liquidity, wrapped in a new gamified trading environment, designed to be a seamless onramp for a non-crypto audience. We are grateful for the support from our strategic partners as we bring Web3 asset trading to the masses,” Matt Danilaitis, Founder of MetaFi, said.

MetaFi is a Financial Metaverse and a Web3 society innovating the experience of Financial Markets. The platform’s mission is to create a social gamified trading experience built for the new generation of traders.

Also read: The Cloud, UAE’s cloud kitchen platform, raises $10m in a Series A rounds

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