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Entertainment startup Invisible Universe completed $12 million in Series A financing



Time:8/11/2022 12:19:28 PM

[Entertainment start-up company Invisible Universe completes $12 million in Series A financing] On August 11th, Invisible Universe, an American entertainment start-up known as the Internet version of Pixar, announced the completion of a $12 million Series A round of financing. Reddit co-founder Alexis Ohanian’s venture Investment firm Seven Seven Six led the round, with participation from Cosmic Venture Partners, Dapper Labs, and Spencer Rascoff's 75 & Sunny.

Invisible Universe mainly cooperates with famous people to build original animation characters and provide corresponding IP distribution services, and also uses some IPs to cast NFT. It is reported that the company will launch an NFT series called The R3al Metaverse on social media this fall, which will use characters from some well-known NFT collections.

Other news:

KuCoin Ventures strategically invests in Web3 social entertainment platform Pixie: On August 27, cryptocurrency exchange KuCoin announced that its venture capital arm, KuCoin Ventures, made a strategic investment in Web3 social entertainment platform Pixie, with an undisclosed amount.

It is reported that Pixie hopes to create Web3 versions of TikTok and Instagram, allowing Web3 users to display Ethereum NFT assets in the App. Pixie users can obtain ownership of digital content-zce and build a SocialFi network through NFT. The new funds will be used to develop the Pixie team, technology and security, improve the user experience and launch more innovative products. (NewsBTC) [2022/8/27 12:52:32]

Sports and entertainment public chain Chiliz announced the start of the second phase of the Scoville testnet: On May 18th, the sports and entertainment public chain Chiliz announced the start of the second phase of the Scoville testnet. At this stage, the testnet will provide the DEX function PepperSwap and a questionnaire for users to participate in the experience.

According to previous news, on March 31, Chiliz announced the launch of the Chiliz Chain 2.0 public test network Scoville. It is understood that Chiliz Chain 2.0 will be supported by Chiliz's native Token CHZ and compatible with EVM. [2022/5/18 3:25:08]

Orange core community member Simon: Chain games can allow players to enjoy both entertainment and income: Jinse Finance reported that on August 4, Orange core community member Simon was a guest at the "GameFi-DeFi+NFT How to Break Barriers and Reshape the Value of Chain Games" held by Jinse Finance "The 68th event of the Golden Salon with the theme.

Simon said that the emergence of GameFi has endowed NFT games with financial attributes, making developers, players, and publishers a win-win carrier, especially players, who can not only entertain in the game but also earn money, which will greatly increase common interests of the three parties. Traditional games are highly centralized, and game developers have complete control over the entire game, and the rights and interests of players cannot be guaranteed. Value, in traditional games, is purely entertainment and does not have investment value. Regardless of the investment of time and money, traditional games exist only as consumer goods. On the contrary, chain games are decentralized, transparent, and traceable. In the future, more and more people will like chain games, because in the game, players can not only entertain but also earn money. [2021/8/4 1:33:34]

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