Virtual real estate company pulls in $60m in real funding as celebs join in
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A metaverse investment company is celebrating a US$60 million celebrity-studded funding round led by Andreessen Horowitz with a rebranding.
Republic Realm is changing its name to Everyrealm following the capital raising, one of the largest Series A funding rounds led by a female chief executive.
Individual investors participating included Paris Hilton; Gene Simmons of KISS; former Disney chairman Jeffrey Katzenberg; the rappers Nas, Gunna and Baby Keem; Randi Zuckerberg (Mark’s sister); German soccer player Mario Götze and veteran music executive Anthony Saleh.
Founded last year, Everyrealm has holdings in 25 metaverse platforms including Animoca Brands’ The Sandbox and Decentraland. It has a total of more than 100 metaverse real estate projects, owns over 3,000 NFTs and manages an esports gaming guild.
The highlights of its holdings include Fantasy Island, a luxury community in The Sandbox; Metajuku, a shopping district in Decentraland; and Realm Academy, an educational campus in Somnium Space.
“Metaverse real estate development is all about placemaking,” said chief executive Janine Yorio.
“Everyrealm creates innovative and addictive social spaces that are futuristic and interactive like video games but still familiar to a mainstream audience, by invoking real-world architecture, culture and events.
“Everyrealm is developing this interactive content across many genres, including sports, education, fashion, gaming, art and social experiences – all designed to draw users to the metaverse. We are also creating the infrastructure required to distribute that interactive content to a global, mainstream audience.
“We are building the gateway to the metaverse, to do for the metaverse what Coinbase did for crypto, what Netflix did for streaming entertainment, and what Google did for the internet.”
Other investors in the capital raising included Coinbase Ventures, NGC Ventures, Dragonfly Capital, Hashed, Lightspeed Venture Partners, Griffin Gaming Partners, Liberty City Ventures, Dapper Labs, Brevan Howard, Flamingo DAO, Wilshire Lane Capital, Pillar VC, Valor Equity Partners, Foresight Ventures, Animoca Brands, OneFootball, the Sandbox, Electric Feel Ventures, Goldentree and Everblue.