Another Metaverse startup has announced raising millions of dollars as the rush to rule this new world intensifies.
Space Runners, a company that creates NFTs and digital wearables, has raised $10 million. The funding round was led by Pantera Capital and Polychain Capital.
“Our goal is to build the first end-to-end Fashion ecosystem on the blockchain with the newly secured financing,”Won Soh, co-founder of Space Runners
The company will spend the new cash to increase their production of items that can be brought into games as wearables. They are working with artists and brands towards this end.
Some of these NFTs can be redeemed for real-life access to events, and meet and greets with celebrities.
Space Runners has previously collaborated with former NBA Champions Kyle Kumza and Nick Young to launch the NBA Champions Sneaker Collection.
The entire collection of 10,000 NFTs sold out in less than ten minutes.
Commenting on their new investment, Paul Veradittakit, a partner at Pantera Capital said, “Pantera is proud to support Space Runner’s vision to pave a new way to interact with fashion on the blockchain.
“Digital identity and self-expression will be a key component in the metaverse…Fashion will be just as, if not more, important in the Metaverse than the real world.”
This round of funding brings the total amount invested in Space Runners to $30 million.