Quick take:

  • Dubai-based metaverse firm MetaFi has raised $3 million valuing the web3 trading company at $25 million.
  • MetaFi’s metaverse trading platform will integrate social media applications including Twitter and Telegram.
  • The fundraising was backed by OKX Blockdream Ventures, Magnus Capital, Mintable Go Fund, and Athena Ventures, among others.

MetaFi has announced the successful completion of a $3 million funding round, which now valued the web3 trading platform at $25 million. The Dubai-based company wants to bring social trading to the metaverse by integrating social media apps like Twitter and Telegram.

Web3 companies have leveraged the same platforms to drive their growth strategies by encouraging crypto enthusiasts to indulge in market talk. 

The fundraising was backed by leading web3 venture capital firms including DoublePeak Group, Maven Capital, OKX Blockdream Ventures, Megala Ventures, Magnus Capital, Legion Ventures, SL2 Capital, X21 Digital, Good Games Guild, MetaGaming Guild, Mintable Go! Fund, and Athena Ventures, among others.

source: https://www.nftgators.com/dubais-metafi-raises-3m-to-bring-social-trading-to-the-metaverse/

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