Quality Project Financing Tracking

May 23,2022
Metaverse App Bud Raises Another $37M, Plans to Launch NFTS Investment Institutions: led by Sequoia Capital India, ClearVue Partners, NetEase and Northern Light Venture Capital. Its existing investors GGV Capital, Qiming Venture Partners and Source Code Capital also participated in the round. Project Info: Founded by two former Snap engineers Risa Feng and Shawn Lin in 2019, BUD lets users create bulbous 3D characters, cutesy virtual assets and richly colored experiences through drag-and-drop and without any coding background. The company declined to reveal its active user size but said its users have created over 15 million custom experiences i.e., virtual spaces with gameplay that others can join since the app launched in November. Virtual assets, including costumes and accessories that users design for characters, have changed hands more than 150 million times on BUD’s marketplace. Category: Metaverse
This indicator broadcasts a daily tracking of the financing of quality projects.
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