DCL Blogger’s Metakey raises $3.5 million in seed round led by Animoca Brands

With a $50 million valuation, the latest funding round bolsters the Metakey's efforts on creating the most interoperable NFT out there.

Apr 28, 2022
by Dragan
DCL Blogger’s Metakey raises $3.5 million in seed round led by Animoca Brands
News

The Metakey, an interopable Web3 NFT project, has recently announced a successful $3.5 million seed round led by Animoca Brands.

Alongside Animoca, 23 other investors participated in the funding round, including The Sandbox co-founder and COO Sebastien Borget, co-founder of Yield Guild Games Gabby Dizon, Decentraland Foundation Lead Agustin Ferreira and more. The Metakey team now sits at a $50 million valuation.

The executive chairman and co-founder of Animoca Brands, Yat Siu, said the following: 

“The Metakey supports a multi-platform approach to your digital assets and is led by a team of OG crypto and NFT enthusiasts (including DCLBlogger) with deep expertise and expert understanding of the space and the opportunity. Cross-platform interoperability is the key to growing the open metaverse and we are excited to be backing The Metakey!”

Apart from growing its almost 30-member team, the newly-secured funds will be used to create New Ganymede, a “massively interoperable, inter-metaverse gaming and social hub”, as well as a season pass that will not only work with the Metakey and Metakrew, but also become integrated with “a myriad metaverse services and platforms such as Decentraland, The Sandbox and many more.”

The founder of Metakey, Mateen Soudagar, who is more prominently known as DCLBlogger or Matty, is an NFT-focused YouTuber and investor known for flipping land in Decentraland before they were even called NFTs, subsequently educating others looking to invest in non-fungible tokens. 

The Metakey aims to be an NFT that links up with a huge amount of projects in the space, acting as a key to private events, access to special skins in partnered games, and many more use cases. An example of this interoperability can be seen with Galaxy Fight Club, a cross-IP play-to-earn title where Metakey NFT owners are given access to a unique weapon skin they can use in the game. Holders also get to become a part of Metakademy, an NFT-themed database offering various useful courses only to users owning a Metakey. 

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