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BFMeta Receives Strategic Investment from Goldman Sachs Group

March 13th, 2023 at 12:22 pm UTC · 3 min read

BFMeta Receives Strategic Investment from Goldman Sachs Group
Photo: BFMeta

On March 7th, it was announced that BFMeta had completed its Pre-A round of financing, which was led by Goldman Sachs Group (UK) with a valuation of USD 1 billion. The Singapore-based Future Development Metaverse Foundation (FDMF) is the initiator of BFMeta. This news has been confirmed internally by Goldman Sachs UK.

BFMeta is a Metaverse super public chain built on the mobile blockchain operating system of the world’s leading open-source blockchain BioforestChain. After seven years of development, BFMeta has achieved strong support for the construction of the Metaverse ecosystem through a series of disruptive innovations in the underlying core components of the blockchain. BFMeta has a secure, efficient, and highly scalable consensus protocol, combined with native cross-chain, distributed storage, and distributed computing functions, which can greatly facilitate the development and experience of Web 3.0 and Metaverse mobile applications. It is reported that the funds from this round of financing will be used for continuous technology research and development at the BFMeta lab and the creation of a global developer ecosystem for BFMeta.

About Goldman Sachs Group

The Goldman Sachs Group, Inc. is a US multinational investment bank and financial services company headquartered in Manhattan, New York City. Goldman Sachs provides investment management, securities, asset management, primary brokerage, and securities underwriting services. Goldman Sachs is one of the largest investment institutions in the world. Since 2018, Goldman Sachs has launched Bitcoin derivative products and subsequently invested in the fields of DeFi protocols, cryptocurrency trading service providers, and cryptocurrency network security. This investment in BFMeta represents the first step Goldman Sachs Group (UK) took in the public chain track and revealed Goldman Sachs Group (UK)’s optimism about the future development of the public chain track.

George F. Smoot, Honorary Chairman and Chief Scientist of the BFMeta Global Technology Ecology Committee, Nobel laureate in Physics in 2006 and “father of cosmic embryology”, and professor of physics at the University of California, Berkeley, said:

“I am pleased to see the cooperation between BFMeta and Goldman Sachs Group (UK). Goldman Sachs is a great investment bank, and this collaboration will accelerate BFMeta’s global layout. BFMeta will continue to adhere to technological innovation and provide a solid infrastructure for the digital economy era in the future.”

Barry C. Barish, Honorary Co-Chairman and Chief Scientist of the BFMeta Global Technology Ecology Committee, Nobel laureate in Physics in 2017 and “father of gravitational waves”, said:

“Goldman Sachs Group (UK)’s choice to collaborate with BFMeta is a wise decision. I firmly believe that this cooperation will promote BFMeta to provide more advanced technology and products to the world and achieve a great cause that impacts the new era of the digital economy.”

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