Web3 Metaverse Company Hadean Raises $30 Million in Series A Funding Round Backed by Epic Games and Tencent – Metaverse Bitcoin News

Hadean, an organization that makes use of computing to create virtual and metaverse worlds using it, closed its Series 1 funding round raising $30 million. Chinese entertainment company Tencent, and gaming giant Epic Games are two of the many companies who invested. Hadean intends to develop its metaverse-scaling software and infrastructure.

Hadean closes $30 million Series A funding round

Hadean is a U.K.-based computing firm that has raised $30 Million to increase its reach and expand its metaverse scaling abilities.

It closed the Series A round of funding, receiving support from large names in entertainment and gaming, such as Epic Games, the developers of Unreal graphics engines and Tencent, an Asian gaming-focused company. Funds will be used by the company to innovate its software suite and provide scaling services to metaverse worlds.

About the company’s vision, Hadean CEO Craig Beddis stated:

Today’s virtual worlds are a limited experience — small scale, siloed, and insecure. Hence why these are the technical challenges we’re tackling today. However, we think the real success and widespread adoption of the metaverse depends on how easy creators can create experiences that are scaleable.

Meta Gaming and Customers from the Past

Hadean has already provided its world-designing, scaling and consulting services to several clients. Mojang, developer of Minecraft, was partnered by Hadean to offer its Aether Engine for distributed computing. It allows the game to have better scaling results.

Hadean has partnered recently with Epic Games. Epic Games granted a grant for Hadean to enable it to incorporate some functionalities from its product in their Unreal Engine platform. British army awarded Hadean a contract in July to develop and scale a distributed simulator cloud for military training.

Hadean plans to rise in the ranks of top suppliers for metaverse scaling tools. The market for metaverse-related games is set to explode over the next decade. JPMorgan released a note earlier in the month estimating that China’s market might reach $100 billion.

In this story, tags
British army, Epic Games funding round, hadean. Metaverse. Minecraft. Series A. Tencent. uk. Unreal Engine. Web3

What do you think about Hadean’s Series A funding round? Leave a comment below.

Sergio Goschenko

Sergio, a Venezuela-based cryptocurrency journalist. Sergio is a cryptocurrency journalist based in Venezuela. He says he was late to the party, having entered the cryptosphere during the December 2017 price increase. He is a Venezuelan computer engineer with a background in social engineering and has been impacted by cryptocurrency’s boom on a personal level.

Images CreditsShutterstock. Pixabay. Wiki Commons

DisclaimerThis information is provided for educational purposes only. It does not constitute an offer, solicitation, or recommendation of any company, products or services. Bitcoin.com is not a provider of investment, tax, legal or accounting advice. The author and the company are not responsible for any loss or damage caused by the content or use of any goods, services, or information mentioned in the article.

Get more Crypto News at CFX Magazine