Victoria VR Closes A $5.5m Round of Funding To Build An Open Metaverse

We’re pleased to announce that we’ve completed a $5.5m round of funding from some of the strongest partners across blockchain and gaming to accelerate our vision of bringing an Open Metaverse to life.

This strategic round brings our total funding to $13.5m. We are extremely excited to have received support from Dominance VenturesNon-Fungible FundWave FinancialNeonDAOMakerAltered Ventures and others. With this support we aim to build a blockchain enabled, virtual reality metaverse with embedded play-to-earn mechanics and a user experience designed to onboard the next billion users.

“We at Victoria VR are at the forefront of this next digital frontier, a new technological revolution that will impact almost every part of our lives.” said Ondrej Dobrusky, Co-Founder and CEO at Victoria VR.

“Our launch is perfectly timed as virtual reality, blockchain, and P2E mechanics are tipping over the long awaited precipice into the mainstream with mass adoption and rapid growth. We are grateful for all the support and shared belief from our investors, partners and key stakeholders, and look forward to what we are going to be able to achieve together.”

This new round of funding will allow us to increase our capabilities to develop further, expand our team, supercharge development capabilities and establish Victoria VR as one of the premier metaverses in the space.

The Metaverse and Victoria VR

The global metaverse market is expected to grow from $47.69b in 2020 to $829.95b in 2028, at a CAGR of 43.3%.

Unifying communities, creators and commerce, the Victoria VR metaverse is a universal platform and gateway to all virtual realities, games and applications.

Victoria VR aims to create a new online environment of multi-dimensional interactions where rather than simply consuming information, users will be able to immerse themselves interactively with digital content. The Victoria VR metaverse will be where people go to work, rest, learn and play.

The Victoria VR Token

The VR Token is at the heart of the Victoria VR economy. This ERC-20 token will be used by users to buy and sell digital in-game NFT assets such as VR Lands, Resources, Goods & Services, Clothing, Tickets, Experiences and Art.

Laying the foundations for Victoria VR to become a fully autonomous world that will grow and evolve without any dependence on its original creators, the VR Token will also serve as a governance token. This means that Token Holders will be fundamental in making the decisions that shape the future rules and protocols of Victoria VR through its DAO.

What’s Next?

Victoria VR will be hitting some key milestones in the last quarter of 2021, where the TGE will happen and shortly after we will start selling the first VR Lands within Victoria VR.

Concluding Remarks

We would like to thank our community for the incredible support that we have received from the start of our project.

About Victoria VR —

Victoria VR is the first Blockchain-based MMORPG in Virtual Reality with Realistic Graphics built on Unreal Engine, created and owned by its users.

The whole world is built to be a universal platform for all virtual realities, games, and decentralized applications, collectively creating a Metaverse — a shared virtual realm, the 3D internet.

In the Victoria VR World, there will be games, quests, never-ending adventure, virtual galleries, and The Big Market VR where you can exchange NFTs in 3D! In addition, users will be rewarded for each of their activities in the VR world.

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