Molten Ventures led the round, and 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First, and InQTe all put money in as well for Hadean.
The firm raised $30 million in Series A funding in a round led by Molten Ventures and including Epic Games, which made the online video game Fornite. More so the company wants to build the infrastructure for metaverse environments.
Hadean said Friday that other people who took part were 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First, and InQTe.
The London-based company said, “As an open platform for distributed cloud computing, Hadean can be thought of as the “infrastructure” that makes the metaverse possible.”
The internet, virtual reality, and augmented reality come together to make the metaverse, which is a digital world. Even though the technology is still new, many people think it will have a big impact on gaming, social media, and online shopping. In a report released last week, JPMorgan said that the economy of the metaverse in China alone could be worth $4 trillion.
Hadean Series A Funding: Betting on Higher Performance
The Hadean Series A funding round had such a wide range of participants because investors, builders, and other players in the space are betting that the protocol’s advanced technological performance will give it a good share of the market in the Web3.0 ecosystem that is just starting to form.
Epic Games is counting on the protocol to give its already perfect game a metaverse boost and make it even better. This is a risky move, but the Epic Games team thinks that Hadean has the right technology to make it work.
Marc Petit, VP of Epic’s Unreal Engine Ecosystem, said, “Hadean’s computing power will give us the infrastructure we need to build a scalable metaverse.” “The company’s technology works well with Epic’s Unreal Engine because it lets a lot of people use it at the same time and gives creators and developers access to new tools. We’re happy to help Hadean grow, and we’re looking forward to continuing to work with them to build the metaverse.
Hadean thinks that the money will help it keep its promises and open the door for more people to join the exciting metaverse world.