Business

Metaverse platform Oorbit raises $5 million. Name Mark Cuban and deadmau5 as an investor

Oorbit, a technology company that does interactive entertainment for the metaverse, has closed a $5 million seed funding round.

Participants in this round include ‘Shark’ reality TV and investor Mark Cuban, deadmau5 and HOF Capital.

Oorbit will launch in late 2022.

The company says it has developed an infrastructure that “unifies the multimedia world and experiences into one place”.

The company says the Oorbit platform will allow players to experience high-quality games, events, interactive media, marketplaces and more from content partners with no downloads or costs. additional hardware costs.

While the metaverse and its potential for success have yet to be fully realized, deadmau5 has quickly emerged as an early advocate.

In December 2021, deadmau5 and fellow electronic music producer Richie Hawtin raised $4.5 million in seed investments to build the musical megahit PIXELYNX.

PIXELYNX, company speak At the time, it aimed to “transform the way artists connect and interact with their fans through game experiences”, but it had competition in a rapidly expanding market.

This monthgame company Unity has partnered with electronic music event promoter and producer Insomniac Events, with plans to build a “new, enduring metaverse world” where fans can watch concerts virtual music.

Unity is one competitor for the makers of Fortnite and Unreal Engine Epic gamealso moving in the metaverse.

In November 2021, Epic game acquired Harmonix, the creator rock band and Dance Central franchise, for an undisclosed amount.

At that time, Epic states that, as it works “to build the metaverse”, “the expertise of the Harmonix team is needed to reimagine how music is experienced, created and delivered”.

“Oorbit has put the user at the heart of their technology.”

Mark Cuban

Mark Cuban, investor and entrepreneur, said: “As the metaverse moved from our imaginations to entertainment, experiences and real products, the founders of Oorbit created an innovative platform. , where developers, publishers and brands can create and easily deliver their most compelling work.

“More than anything, and at the core of their plan, Oorbit has put the user at the heart of their technology so that they enable games and even worlds that will please everyone and create a path for general super-reverse development.”

“This funding round will support the growth and expansion of the platform.”

Ash Koosha, Oorbit

Ash Koosha, CEO and Co-Founder of Oorbit, added: “Oorbit is shedding light on the key technologies that will play the biggest role in the growth of Web3 and the metaverse; blockchain, cloud streaming, NFTs, fintech and more.

“We are combining the best parts of these sophisticated technologies to create a variety of entertainment that is not only astonishing, but also accessible, for all audiences.

“This funding round will support the growth and expansion of the platform.”

“In any field of technology, there are people looking to shape the future.”

Corby Pryor, HOF Capital

“In any technology sector, there are people looking to shape the future,” said Corby Pryor, HOF Capital.

“The key as an investor is to identify the team that can have an ambitious vision and execute on it. That’s Oorbit: great vision with core execution.”Worldwide music business

https://www.musicbusinessworldwide.com/metaverse-platform-oorbit-raises-5m-names-mark-cuban-and-deadmau5-as-investors/ Metaverse platform Oorbit raises $5 million. Name Mark Cuban and deadmau5 as an investor

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button