Place/Date: Palo Alto, California - January 1st, 2022 at 11:00 am UTC · 3 min read
Contact: Samuel Pearton, COO, Source: Overeality
Overeality, the curated metaverse and NFT community, is delighted to announce the close of their most recent private funding round, including a $5 million contribution led by top Silicon Valley-based venture capital firm DHVC. DHVC also brings its blockchain leadership to strategically guide the team. Overeality’s public token sale is scheduled to begin in Q1 2021, along with celebrity and athlete endorsements.
The investment will go towards research and development, team growth, and nurturing key strategic partnerships, which will be announced prior to their public sale. Early partnerships include a professional athlete and A-list actor with global fanbases.
Overeality announced its partnership with Polaris Sports, leaders in the representation of athlete image rights. For over 15 years they’ve partnered with the most successful sports personalities in the world, and bring professional athletes, resources, and celebrity management strategy to Overeality.
Samuel Pearton, COO of Overeality, said:
“We’re turning fans into investors and changing their lives. Along the way, every decision we make is governed by our community. Coming from an artist background, this is something I’ve always dreamed of, but never thought could be a reality.”
Overeality also builds tailored technical infrastructures for the metaverse. Overeality chain is a fast and scalable blockchain with low gas fees for mass market retail adoptions. Overeality DAC (Decentralized Autonomous Corporation) supports day-to-day operations for fan communities and large-scale social networks. Overeality ID provides decentralized identity services through zero-knowledge proofs for interoperable on-chain verifications.
Overeality’s metaverse community brings more people together by removing one of the biggest barriers of entry for many users – the need to go “all in” with one expensive NFT purchase. Overeality’s fractional NFTs remove a major hurdle and give users the chance to join different communities and utilize new tokens.
Overeality is a community that brings people together with a new form of social token governed by DAO technology. Our opportunity is to create a metaverse that is focused, curated, accessible, and driven by people – all of whom have a voice, skin in the game, and equity in what’s to come. We will pierce the mainstream through emotive storytelling and human communication, by offering authentic NFTs featuring some of the world’s largest celebrities, GameFi experiences, and events for our growing community of people around the world empowered to be involved in shaping the future like never before.
Founded in 2013, DHVC is one of the earliest institutional blockchain investors since 2014, with $700MM USD under management. DHVC is the early investor of leading blockchain protocols such as Compound, Dfinity, Fantom, Theta Network.