The Economic Backbone of the Metaverse is on its way

A metaverse project called, SPACE, that revolves around arts and commerce recently raised $7 Million in a funding round. They got their investment from Animoca Brands, CoinFund, Dapper Labs, Digital Currency Group, HOF Capital and other investors.
The funds earned will be used to build the economic backbone of the metaverse. As it intends to deliver the “economic glue” to connect those different worlds and become the “next frontier” for social commerce.
The interconnected virtual spaces where people can meet and gather in worlds parallel to our own as one of the concepts of the metaverse has been gaining traction recently. Because users can design their own virtual spaces – for example shops, galleries or music venues – where owners can display their own virtual goods for purchase. Everything is highly customizable and integrated, with point-of-sale tools provided by Stripe.

Metaverse continues to gain mass adoption that’s why it is also used by most people to meet up and socialize. It is easily accessible because users can join the spaces from a desktop app, web page or a VR headset and the app also provides spatial audio, meaning that people can see and hear each other that made it so perfect for this time of pandemic .