Lil Baby And Nas-backed Metaverse Firm Closes $60M Round

Founded in 2021, Everyrealm says that it has real estate holdings in 25 metaverse platforms, and that it has developed more than 100 metaverse real-estate projects. Everyrealm has closed a $60 million, which is a financing round led by Andreessen Horowitz, and some of the individual investors in the platform include notable names such as Nas, Gunna, Baby Keem, Gene Simmons, and Lil Baby.

Virtual land is selling for high value on the metaverse, an example is that individual property next to Snoop Dogg’s virtual Sandbox estate was equivalent to $450,000 USD last year. Money is going around and virtual opportunities are arising.

The firm, led by CEO Janine Yorio was co-founded by TJ Kawamura, Julia Schwartz, Jesse Stein, and Kostas Ketikidis, and the company states that this investment marks one of the largest Series A rounds for a company led by a female CEO.

“We are building the gateway to the metaverse, to do for the metaverse what Coinbase did for crypto, what Netflix did for streaming entertainment, and what Google did for the internet.”

Yorio, Music Business World Online

Source: The Digilogue/Music Business World Online