Funds will be used for user onboarding and scaling of Aftermath Islands’ many Metaverse initiatives
Aftermath Islands Metaverse Limited, the development company behind the highly ambitious Post-war islands metaverse project, has secured a $25 million commitment from LDA Capital Limiteda global alternative investment group.
The company said that the funds will be used for a wide range of campaigns and programs related to the project, from onboarding users and developing play-to-win opportunities to adopting the Aftermath Islands metaverse and supporting unique NFTs from Aftermath Islands, digital identity solutions, cross-chain compatibility initiatives, play-to-win programs, and other cutting-edge decentralized applications at the intersection of user identification, gaming, entertainment, finance, virtualization, collaboration and mixed reality in the metaverse and the real world, the company said in a statement.
“LDA Capitals’ commitment will support the long-term growth of the Aftermath Islands metaverse. The Aftermath Islands Metaverse demonstrates how digital identity can support safety, privacy, and security in both online and offline settings, and our high-resolution graphics and pixel streaming provide users with a gaming experience. fast photorealistic, no download, on any device. , raising the bar and expanding the opportunities for what’s possible in both the metaverse and the real world,” said David Lucatch, CEO of Aftermath Islands. in a press release.
“The virtual worlds and games of Aftermath Islands have the power to transform how players interact and transact with collectible NFTs in-game, and LDA Capital is proud and excited to partner with the project team. in this movement. Aftermath Islands is a recognized leader in digital identity verification in the online space, enabling users and developers to create and benefit from a whole new world of in-game and in-game interactions. the real world. Ultimately, Aftermath Islands turns science fiction into history, and we’re proud to co-author that story,” said Warren Baker, Managing Partner, LDA Capital.
LDA Capital is an investment group focused on investing in global private and public markets. The company provides capital solutions to businesses seeking financing in underserved markets and under complex conditions globally. The team has executed over $10 billion in transactions in over 40 countries over the past decade and is one of Aftermath Islands’ premier partners and collaborators.
Metaverse opportunities were valued at around $27 billion in 2020, Aftermath Islands Metaverse Limited reported. With a projected With a CAGR of around 40% over the next decade, the Metaverse is expected to eclipse $820 billion in market value by 2030.
The $25 million commitment from LDA Capital will provide access to non-equity funds through the purchase of Aftermath Islands utility tokens, subject to the successful completion of pre-determined project milestones. The Aftermath Islands project team aims to achieve these milestones by the end of 2022. With this commitment, LDA Capital has an option to purchase an equity stake in Aftermath Islands Metaverse Limited.
Earlier this week, Aftermath Islands published a demo video which provides an overview of the project. Aftermath Islands positions itself as a “shared virtual open world, much like the metaverse described by author Ernest Cline in his science fiction novels Ready Player One and Ready Player Two”. It will allow users to interact with each other, create content and play games, among other things. The Metaverse will feature an in-game virtual economy with “a myriad of global economic transactions” and the ability to monetize content, quests, and apps.