Metahood Raises $3 Million For Building The Zillow Of The Metaverse

Early last year, Metaverse hype reached its peak, but if there is going to be a future where people will establish digital businesses and own property, then they will need a platform for property sales.

To put it simply, the burgeoning metaverse will require a Zillow, or even a Redfin and this is precisely what Metahood is working on and recently completed a seed funding round to bring to life.

Funding round

The announcement from the startup revealed that it had managed to raise funds worth $3 million in a seed round that was led by 1confirmation, the crypto VC firm.

Some of the other participants of the seed funding round included Neon DAO, Flamingo DAO and Volt Capital.

Moreover, the startup also succeeded in securing funds from some angel investors, which include Sebastien Borget, the co-founder of The Sandbox, Brian O’Hagan, the Growth Lead at Sorare, John Crain, the co-founder of SuperRare and Patty McCormick, podcast host/blogger and VC.

The platform

As opposed to an NFT marketplace, the platform being developed by Metahood would provide land buyers in the metaverse with more context.

It boasts an interface that is map-driven, which will allow people to see the plots of land available in relation to the ones surrounding it.

This would provide buyers with an idea of the wider district or neighborhood and also point out landmarks. Likewise, it would also highlight nearby landowners, sale trends, and other details.

Gwendall Esnault, the founder of Metahood, said that their goal was to provide land buyers with as much information and context as possible when they are making a purchase.

Unrealized vision

However, it should be noted that the ambitious vision of builders remains unrealized both inside and outside Web3 where the reality of the metaverse is concerned.

Decentraland remains sparsely populated and bland for now and only beta test practices have been introduced for The Sandbox.

Likewise, there is no release in sight for Otherside and Meta’s Horizon Worlds is not even remotely close to its robust and eventual metaverse vision.

Metahood’s aim

Real world considerations, such as walkability scores and school quality may not matter to the future inhabitants of the metaverse.

However, when people spend real property for investing in digital property or want to build an experience, then they would need to know exactly what they are buying.

This is what Metahood aims to accomplish because a broader NFT marketplace, such as OpenSea, is not able to do so.

Metahood is offering support for in-development and early metaverse game worlds, such as Otherside of the Bored Ape Yacht Club, The Sandbox, Decentraland, and Somnium Space.

Individual users will also be able to use the platform for listing their native NFT land plots and it will also support aggregate listings from marketplaces like LooksRare and OpenSea, while also providing added context.

More metaverse will also be added to the platform as they are released and it will also enhance its set of features and provide Web3 users with a hub of more metaverse experiences.