Oorbit, the emerging technology company making high-quality interactive entertainment for the metaverse available to everyone, has closed a $5 million (£3.8m) seed round of funding.
Participants in the round include renowned investor and Shark, Mark Cuban, Pixelynx (deadmau5) and HOF Capital. Set to launch later this year, Oorbit has developed the only infrastructure that unites metaverse experiences and worlds into one place, removing barriers to entry.
The Oorbit platform empowers players to experience high quality games, events, interactive media, marketplaces, and more from best-in-class content partners. With more details to come, Oorbit will be accessible in one easy-to-navigate platform on the types of screens users already own.
Investor and entrepreneur, Mark Cuban, explained: “As the metaverse moves from our imaginations into actual entertainment, experiences and products, Oorbit’s founders have created an innovative platform where developers, publishers and brands can create and more easily deliver their most compelling work.
“Best of all, and core to their plan, Oorbit has put the user at the centre of their technology so they enable games and even worlds that will delight all comers, and blaze a path for metaverse growth overall.”
Ash Koosha, CEO and Oorbit cofounder, continued: “Oorbit is demystifying the major technologies that will play the biggest role in the growth of Web 3.0 and the metaverse, blockchain, cloud streaming, NFTs, fintech and more.
“We are combining the best parts of these complex technologies to enable episodic entertainment that is not just incredible but also approachable, for all audiences. This round of funding will support growth and platform expansion.”
Corby Pryor of HOF Capital, added: “In any sector of technology, there are people looking to shape the future.
“The key as an investor is identifying the team that can take an ambitious vision and deliver on it. That is Oorbit: great vision with the core ability to execute.”
What is Oorbit?
Oorbit is building the infrastructure for the metaverse and its ecosystem, making the future of digital entertainment accessible for all.
Proprietary technology opens the door to limitless, high-quality interactive worlds where people can move seamlessly between streaming experiences with their unique digital identity with no downloads or extra hardware costs. Find out more here.
WARNING: Nothing in this article should be read or understood to be financial and/or investment advice. Readers should take their own financial advice from a suitably qualified independent financial adviser before making any investment decisions.
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