Atmos Labs Secures $11 Million Funding to Develop its Metaverse
Atmos Labs has raised $11 million to support its objective of building a Metaverse with a thrilling gaming experience for users.
Atmos Labs has announced that it has raised $11 million in a seed funding round led by NFT Investor, Sfermion, with participation from British hedge fund billionaire Alan Howard, Animoca Brands, Collab+Currency, FBG Capital, GSR, CoinGecko Ventures and Avocado Guild, among several others.
The play-to-earn Metaverse will provide an environment for players to own their gear, teams, identities and moments. In addition, players will be exposed to a wide range of top-quality experiences, and they stand a chance of receiving impressive rewards.
Founder and CEO of Atmos Labs, Kevin Beauregard, commented:
"Atmos will deliver AAA-quality competitive gameplay and rich narratives that today are not very present in metaverse gaming. We will deliver the promise of play-and-earn as opposed to play-to-earn. The game always comes first, with web3 technologies powering players and enabling economic layers.”
According to Beauregard, the first game in its Metaverse will be ExoGP which will be a Formula 1-styled game where players compete with each other on race tracks, and winners will be rewarded with prizes. The game design will consist of three main player activities, which include: mining (resource gathering), fabricating (crafting) and competing (initially flight racing).
Concerning the NFTs, Beauregard commented:
"Exos can be staked to mine land with variable mineral distributions to generate resources that players can use to modify and upgrade their composition and capabilities."
The funding will be instrumental in achieving these gaming objectives, as the team plans to expand to onboard a large number of gamers. Meanwhile, the founder noted that the group received such a level of funding due to its stacked team of high-profile names such as Dylan Bushnell, son of Atari founder Nolan Bushnell and VP of product Todd Moffett among others.