The funds will be used for onboarding users and scaling Aftermath Islands’ numerous Metaverse initiatives
Aftermath Islands Metaverse Limited is the development company behind Aftermath Islands Metaverse’s ambitious project. LDA Capital Limited has committed $25 million to the firm, which is a global alternative investor group.
The company said that the funds will be used for a wide range of project-related campaigns and programs, from user onboarding and the development of play-to-earn opportunities to the adoption of the Aftermath Islands Metaverse and the support of Aftermath Islands’ unique NFTs, digital identity solutions, cross-chain compatibility initiatives, play to earn programs, and other cutting-edge decentralized applications at the intersection of user identification, gaming, entertainment, finance, virtualization, collaboration, and blended reality in the Metaverse and the real world, the company said in a statement.
“LDA Capitals’s commitment will support the long-term growth of the Aftermath Islands Metaverse. Aftermath Islands’ Metaverse demonstrates how digital identity can support safety, privacy, and security in both online and offline settings, and our high-resolution graphics and pixel streaming provide users with a fast, no-download, photo-realistic gaming experience on any device, raising the bar and expanding opportunities for what is possible both in the Metaverse and in the real world,” said David Lucatch, Managing Director of Aftermath Islands in a press release.
“Aftermath Islands’ virtual worlds and games have the power to transform how players interact and transact with in-game collectible NFTs, and LDA Capital is proud and excited to partner with the project team in this movement. Aftermath Islands has been a leader in online digital identity verification. This allows users and developers the opportunity to create and enjoy a new realm of real-world and in-game interactions. Ultimately, Aftermath Islands is transforming science-fiction into history, and we are proud to be co-authors of this story,” said Warren Baker, Managing Partner, LDA Capital.
LDA Capital, an investment firm that focuses on the international private and public market. LDA Capital provides capital solutions for companies looking to finance in difficult markets or complex situations on a worldwide basis. The team has executed over $10 billion in transactions across over 40 countries over the last decade and is one of Aftermath Islands’ high-profile partners and collaborators.
Aftermath Islands Metaverse Limited stated that Metaverse potential were estimated to be worth $27 billion. Metaverse market values are expected to surpass $820billion by 2030 with an estimated CAGR of 40% in the next ten years.
LDA Capital’s $25 Million commitment will provide access to non-equity funds via the purchase of Aftermath Islands Utility Tokens, contingent on the successful completion of predetermined project milestones. The Aftermath Islands Project Team aims to meet those milestones by the end of 2022. LDA Capital now has the option of purchasing an equity share in Aftermath Islands Metaverse Limited.
Aftermath Islands shared a preview video earlier in the week. Aftermath Islands positions itself as a “shared virtual open world, much like the Metaverse described by author Ernest Cline in his science-fiction novels Ready Player One and Ready Player Two.” It will allow users to interact with each other, create content and play games, among other things. The Metaverse will feature an in-game virtual economy with “a myriad of in-world economic transactions” and the ability to monetize content, quests, and applications.