By a report from TechEu, a Metaverse startup called Hadean has partnered with gaming giant Epic Games. The London-based company recently completed a Series A funding round and is ready to expand its operations.
Hadean successfully raised $30 million in its round, led by Molten Ventures, and additional backing from 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and others. Epic Games contributed to the round.
Epic Games and Hadean will take the metaverse to the next level
Additionally, the company will work with Hadean to help them expand their metaverse capabilities, with scalable and interoperable features. The startup was founded over 7 years ago with the goal of revolutionizing distributed computing and the metaverse.
Funds obtained through its Series A will be used to create and provide developers and creators with the tools to customize and design unique projects and experiences. Craig Beddis, co-founder and CEO of Hadean, had the following to say about their goals and recent Series A round:
We want to connect the physical and virtual worlds – to help us make better decisions and ultimately improve the quality of our lives in the physical world.
According to Beddis, the virtual world is limited with weak scalability and security. Epic Games, Microsoft and Meta (formerly Facebook) are investing billions in the Metaverse.
Big tech seems to believe that people will conduct most of their daily activities in the virtual world. The Hadean co-founder agrees with this idea, but thinks companies should provide developers with the tools to create their own projects:
The true success and mass adoption of the Metaverse will depend on how easily creators can create their own experiences at scale, leveraging open and robust Metaverse-as-a-Service technologies.
Epic Games is investing billions in the metaverse
Epic Games has been strongly supported by digital assets, innovation and new trends. The company behind hits like Fortnite has has raised more than $2 billion to “advance” its vision for the metaverse.
The video game company raised the funds via a special round with participation from Sony Group Corporation and KIRKBI, the company that created the LEGO Group. Companies have come together to energize the digital sector, create new forms of social entertainment and bridge the physical and digital worlds.
The recent partnership with Hadean and Epic seems like another step in that direction. At the time of the $2 billion funding announcement, Epic Games CEO and Founder Tim Sweeney said:
This investment will accelerate our work to build the metaverse and create spaces where gamers can have fun with friends, brands can create creative and immersive experiences, and creators can build community and thrive.