Metaverse Platform Ready Player Me Raises $13 Million
Wolf3D, behind the metaverse avatar platform Ready Player Me, announced last week that it had raised $13 million in a funding round led by Taavet+Stern, a firm led by Wise co-founder Sten Tamkivi who is also the co-founder of Teleport. Also participating in this funding round were NordicNinja, Konvoy Ventures, and Github co-founder Tom Preston-Werner.
Ready Player Me wants to provide end-users with a customized avatar that will propagate in the entire metaverse. The platform enables players to create their avatars from scratch or from pictures and to use them across more than 900 apps and games. Wolf3D is also planning to use the fresh funding to establish its position as “the default avatar system for the metaverse.”
Ready Player Me CEO Timmu Toke has described 2021 as a “breakout year” for the platform. The avatar platform adoption has grown from just 25 to more than 900 companies. The company believes it can make the metaverse more connected by providing users with avatars capable of traveling across virtual worlds. The platform plans to scale its partner network and build out monetization tools for developers that will help them make money using avatar customization assets and NFTs. Toke says the company’s goal is to grow into the “default system for the metaverse.”
One of Ready Player One’s future projects will entail adding NFT wearables and virtual fashion for avatars. Previously, the company partnered with New Balance and Dior. Recently, the company also partnered with Deadmau5 for its “Head5” NFT collection.