Metaverse gaming startup AvatarLife has secured $1.5 million in seed funding from Info Edge Ventures, the investment arm of Naukri.com parent Info Edge India Ltd
The business claimed that it intended to use the funding for product development, building a community, and the growth of its international staff, as per reported by The Economic Times.
“We are transitioning from a 2D internet living on our screens to a 3D space present inside our screens. This will require new ways of thinking about the user experience and ultimately, product development. We will continue to invest in building the technology and developing capabilities in-house,” Gaurav Gupta, co-founder of AvatarLife said.
AvatarLife, an online space with single-player, multiplayer, and play-to-earn skill-based games, was founded by Sushant Chandrasekar and Gaurav Gupta last year. It also permits game development and operation on its platform by other authors.
“We believe the next iteration of the internet will be more visual, bringing together games and socialisation. This will require deep design and technological capabilities. AvatarLife’s founding team has the right set of skills and experience to innovate in this arena,” said Chinmaya Sharma, partner, Info Edge Ventures.
AvatarLife is an immersive metaverse firm that builds games, experiences, and avatar-based products for several platforms.