https://ift.tt/3IfmBC7 Metaverse Acquires Strategic Fund From Binance Labs

SPACE is a pioneering platform that focuses on the intersection of gaming, virtual reality, and commerce. It follows the concept of social commerce in the metaverse, which has now acquired strategic investment from Binance Labs. This collaboration brings up a plan of initiating offline commerce into the metaverse.

Moreover, this recent funding round adds to the segment’s appealing revenue potential. SPACE has already signed partnership agreements with over 100 brands in the art, music, and fashion sector. The platform continues to develop itself as a pioneer of social commerce firms in the metaverse.

Significantly, the collaboration efforts include Zevi G, Arthur Art Gallery, KYLE GORDAN ARTIST, Soho Ski Club, DoinGud Art Gallery, and more. Currently, the product includes hyper-realistic graphics and building tools with commerce capabilities that deliver 10x advancement.

According to Head of Binance Labs Fund, Bill Chin, the infrastructure of Space is built corresponding to the key pieces of metaverse to bring offline commerce. He also states that the team works quickly adopting the product knowledge in the market. This seems to emerge an incredible growth and product delivery.

Binance Labs Investment

SPACE platform was established in 2021, which offers specialized virtual rooms for users to sell their products and services. The main purpose of this platform focuses on consumers and businesses which is structured by connecting disconnected virtual spaces on different blockchains.

The Founder and CEO of SPACE, Batis Samadian is happy about receiving Binance Labs’ latest fund which depicts the trust of metaverse’s potential. The platform is intended to assist users in creating their unique virtual locations with complete point-of-sale functionality, as well as providing a trading hub for the acquisition of art, music, fashion, culture, and other items. Additionally, Batis Samadian shares that:

“This additional capital will help us enhance our deployment momentum and support our efforts to win big brand collaborations that correspond with our vision of social commerce in the metaverse as we continue to execute our ambitious roadmap.”

Furthermore, SPACE is at a pace to work on its development as the token creation event (TGE) is upcoming. Along with the brand partnership, SPACE plans to launch an iOS and Oculus app in 2022. Thus, the platform is a place to create a gallery and Livestream them to the community while users can explore VR commerce.