Pantera and Polychain Lead $10M Bet on Metaverse Fashionistas

2 years ago

Metaverse manner marque Space Runners has raised $10 cardinal successful a backing circular co-led by Polychain and Pantera Capital.

Also participating successful the effect round, announced Monday, were Accel and Jump Crypto, arsenic good arsenic angels similar Animoca Brands president Yat Siu and Twitch co-founder Justin Kan.

Space Runners, which launched its archetypal NBA Champions Sneaker Collection with erstwhile NBA champions Kyle Kuzma and Nick Young past December, began minting NFTs connected the Solana blockchain, but present plans to bring its imaginativeness of a “fashion metaverse” to Ethereum and different chains.

A brace of virtual kicks. (Space Runners)

“We are designing and launching manner items arsenic NFT collections, which is ongoing,” Space Runners CEO Deniz Özgür said successful an interview. “But we are besides launching the archetypal signifier of our manner metaverse. Rather than conscionable an municipality cyber style, we are giving much value to quality and aesthetics, and we’ve been collaborating with immoderate of the astir fashionable manner agencies successful New York.”

Space Runners’ manner metaverse volition not cohabit existing virtual worlds, but volition beryllium a abstracted space, known arsenic “Spaceverse,” with its ain currency, Özgür explained. It’s a connection that can’t travel accelerated capable for crypto and NFT-beguiled manner brands keen to involvement retired a spot successful a metaverse setting, she said.

“Many of the manner brands we’ve been successful interaction with travel with large stories,” said Özgür. “Like they privation to physique immoderate benignant of transportation betwixt their carnal shops and their integer spaces and are coming up with ideas similar putting a QR codification successful manner items that is simply a gem oregon thing similar that for gamification with their customers.”

Pantera Capital spouse Paul Veradittakit said Space Runners’ imaginativeness is paving a caller mode to interact with manner connected the blockchain.

“Fashion volition beryllium conscionable arsenic – if not much – important successful the metaverse than successful the existent world,” Veradittakit said successful a statement.

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Ian Allison is an award-winning elder newsman astatine CoinDesk. Prior to that, helium covered fintech for the International Business Times successful London and Newsweek online. He holds ETH.


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