May 27, 2022

LBank Labs, one of the world’s most exemplary digital assets exchanges, raised the fund worth $5 million to Metaspace, a 3D virtual metaverse that allows users to socialize, play games, attend concerts, sell and trade NFTs in a decentralized manner. As a result of this investment, LBank Labs, which has a vast presence across the globe, will deploy many of its digital aspects to fuel the growth of the MetaSpace ecosystem as it expands from gaming to celebrity concerts and more.

Speaking about the funding, Mo Akram, Founder of MetaSpace, said, “As the buzz around a persistent shared virtual world gains momentum and its surge in becoming the new reality expands, our partnership with LBank Labs is going to afford the ease and flexibility to pursue opportunities to infinity and beyond.”

According to Mo Akram, this funding round will help MetaSpace to gain momentum for its core offerings and add more services to consolidate its position as World’s First Decentralized Metaverse in offering multifaceted experiences all under one roof.

We believe that this funding is an endorsement of MetaSpaces strength to drive penetration and lead transformation within the sector,” he added.

Lately, the Metaverse has become the talk of the town as big companies like Meta and Youtube have captured headlines by hopping on the Web3 bandwagon – putting Metaverse on a roll. Since MetaSpace and LBank Labs share a common goal of providing the globe with a hyper-real alternative world, this partnership enables them to understand their own strengths, development areas, and potential. The investment, however, offers benefits such as theft and forge web-based trading experience, a highly-immersive virtual world that allows users to buy and sell NFTs. It will cater to the diverse needs of developers by providing tools to create scalable decentralized applications that emphasize the platform’s performance and user experience while proactively being able to alleviate security concerns that may arise.

We believe our partnership with Metaspace in the enduring metaverse is a unique proposition that will scale up the economy and offer unique and true value to the ecosystem. This investment further will contribute to ongoing commitment to support the next generation technology and inspire many entrepreneurs to thrive into the metaverse,” said Allen Wei, CEO, LBank Labs.

In line with its roadmap, MetaSpace Metaverse plans to launch its beta version that includes celebrity concerts and AAA games, which will allow players to play, interact, and trade NFTs in a space-based environment with their digital avatar. The month of March, in fact, will be crucial for all the players as Metaspace announces the launch of its native token “Metalord” and rare in-game NFTs. 

About MetaSpace

MetaSpace is a 3D metaverse of virtual worlds gaining traction through a combination of technology, including the blockchain, where users can perform all human-like activities with their digital avatars. They envision a simulated metaverse that encompasses an AAA game, celebrity concerts, and more.

The AAA game MetaSpace metaverse has built is centered on an infinity space lifestyle embedding Metaverse and NFT in all aspects of the world. With the ability to play, interact, share, collect, and trade without any central control, they offer their players the opportunity to live a parallel virtual life while enjoying secure ownership of their digital assets.

Metaspace Metaverse, however, goes far beyond games; for instance, it also fosters an emotionally close virtual concert whereby users can interact directly with their favourite celebrities. Thus, MetaSpace transcends the conventional notion of the metaverse and one’s imagination.

About LBank Labs

LBank Labs is the world’s leading digital asset exchange platform capturing the insights of many in the Asian markets. They offer safe, professional, and conventional crypto-to-crypto trading pairs for a variety of digital assets.

The exchange was founded in 2016 and is owned and operated by a Chinese company known as Superchains Network Technology Co. Ltd. With the ultimate goal of providing its global users with professional cryptocurrency asset management solutions, they successfully have over 4.5 million registered users. They have reached an average daily trading volume of 1.5 million US dollars in numbers.

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