UAE-based MetaFi raised new funding from a host of big names in the Web3 industry: 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 were among the participants.
MetaFi will use the funding to create its initial major product, the Trading Metaverse, a new type of social trading experience run by its users. More than 90,000 people are waitlisted for the platform release later in the current year.
Matt Danilaitis, founder of MetaFi, said: “Plenty of trading platforms compete with almost similar products. MetaFi changed the trader’s experience: making trading amusement, appealing, and social. With the world of trading, MetaFi combines major decentralized protocols with deep liquidity, wrapped in a new gamified trading environment, planned to be a seamless walkthrough for non-crypto audiences. We are thankful for the support from our strategic partners as we bring Web3 asset trading to the masses.
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