Metaverse hype peaked early last year, but if the future internet does turn out to be a place where the masses are going to own digital property and establish businesses, then they’re going to need a property sales platform made for more than just speculative flipping.
In other words, a Zillow or Redfin for the burgeoning metaverse.
That’s what Metahood is building, and it just raised seed funding to bring that vision to life. The startup announced today that it raised $3 million in a seed round led by crypto VC firm 1confirmation, with participation from Volt Capital, Flamingo DAO, and Neon DAO.
The startup also secured funding from notable angel investors in the space, including The Sandbox co-founder Sébastien Borget, SuperRare co-founder John Crain, Sorare Growth Lead Brian O’Hagan, and VC and blogger/podcast host Packy McCormick.
Metahood’s platform is designed to deliver more context for metaverse land buyers than a general-purpose NFT marketplace. It uses a map-driven interface to show available land plots in relation to those around it, providing a sense of the wider neighborhood or district while pointing out landmarks and highlighting sales trends, nearby land owners, and more.
“We really want to provide as much information and context as possible when you buy land,” founder Gwendall Esnault told Decrypt.