Space Runners Raises $10M to Create the First Fashion-focused Metaverse — DailyCoin
Space Runners has collaborated with artists and brands to produce fashion items as NFTs, which can be used in metaverses and blockchain games. ‘Spaceverse‘, by Space Runners, is the first fashion-focused metaverse and end-to-end fashion ecosystem built using blockchain technology. The company’s mission is to bring the community, brands, and celebrities together.
The brand raised $10 million for the fashion platform; the funding round was led by Pantera Capital and Polychain Capital, with participation from Jump Crypto, Accel, Animoca Brands chairman Yat Siu, and Twitch co-founder Justin Kan.
“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, if not more, important in the Metaverse than the real world,”
enthused Paul Veradittakit from Pantera Capital.
Space Runners was founded in March 2021 and launched its first collection with NBA champions Kyle Kuzma and Nick Young. The event sold 10,000 NBA sneaker NFTs in less than 10 minutes, raising $8 million. The company’s wearables can be used across different metaverses and blockchain gaming platforms.
Space Runners aims to gamify fashion by creating the first “Wear2Earn” economy. Users will be incentivized and rewarded for their sense of style in the Fashion Metaverse.
“Our goal is to build the first end-to-end fashion ecosystem on the blockchain,”
said Won Soh, co-founder of Space Runners.
You can check out the Spaceverse teaser here.