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Hadean Raises $30M in Series A Funding Round with Backing from Molten Ventures

UTC by Benjamin Godfrey · 3 min read
Hadean Raises $30M in Series A Funding Round with Backing from Molten Ventures
Photo: Depositphotos

While the partnership extends to education and enterprise digital twin providers, Hadean has also been booked to help bolster Fortnite by adding metaverse capabilities to the hit game.

Metaverse infrastructure service Hadean has successfully completed its Series A funding round, pulling the sum of $30 million from a wide array of investors. Besides getting strategic backing from Fortnite game creator, Epic Games, the funding round was led by Molten Ventures led Series A and was joined by 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First, and InQTel.

It is not surprising that a startup like this gained a massive embrace from investors across the board. Infact, it is becoming a major trend around the world for Venture Capital (VC) firms to back investors in building infrastructures that can help power the next iteration of the internet known as Web3.0.

“Hadean’s mission is to bridge physical and virtual worlds – to help us make better decisions and ultimately improve the quality of our lives in the physical world,” said Craig Beddis, Hadean Co-Founder and CEO, “Today’s virtual worlds are a limited experience – small scale, siloed, and insecure. Hence why, these are the technical challenges we’re tackling today. But we believe the true success and mass adoption of the metaverse will rely on the ease by which creators will be able to build their own experiences at scale, leveraging open and robust metaverse-as-a-service technologies. We’re delighted to work with industry leaders like Epic Games, who share our ethos and ambition for this reality.”

Hadean said it will use the newly injected capital to build out its scalable, interoperable, and secure metaverse capabilities. The blockchain startup has already inked massive deals with industry giants including Minecraft, Pixelynx, Sony Group Corp (NYSE: SONY), and Gamescoin.

While the partnership extends to education and enterprise digital twin providers, Hadean has also been booked to help bolster Fortnite by adding metaverse capabilities to the hit game.

Hadean Series A Funding: Betting on Higher Performance

The Hadean Series A funding round saw the type of encompassing participation in part because investors, builders, and stakeholders in the space are betting on the protocol’s advanced technological performance to command a good market share of the emerging Web3.0 ecosystem.

Epic Games is particularly counting on the protocol to tilt its current perfect offering by adding a metaverse boost. The move is a risky bet, but the Epic Games team believes Hadean has the right technology to achieve this.

“Hadean’s computing power will provide the infrastructure that’s needed as we work to create a scalable metaverse,” said Marc Petit, VP, of Epic’s Unreal Engine Ecosystem. “The company’s technology complements Epic’s Unreal Engine by enabling massive amounts of concurrent users and unlocking new tools for creators and developers. We are pleased to contribute to Hadean’s growth and look forward to continuing to work together to lay the foundation for the metaverse.”

Hadean believes the funding will help it make good on its promises to deliver, and by so doing, create a gateway by which more users will come into and experience the thrilling metaverse world.

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Benjamin Godfrey

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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