Epic Games Backs Metaverse Infrastructure Firm Hadean in a $30 Million Funding Round
Hadean will use these fresh funds to build out its metaverse infrastructure technology that complements Epic's Unreal Engine.
Hadean just bagged $30 million in funding to power the metaverse
London-based Web3 startup Hadean has raised $30 million in a Series A funding round to develop its record-breaking metaverse infrastructure technology. Molten Ventures led the round, with participation from Epic Games, 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First, and InQTel.
Notably, the investment will help Hadean build out its scalable, interoperable, and secure metaverse capabilities. As an open platform for distributed cloud computing, Hadean provides the infrastructure that powers the metaverse.
Commenting on the company's investment in Hadean, VP of Epic's Unreal Engine Ecosystem Marc Petit said: "Hadean's computing power will provide the infrastructure that's needed as we work to create a scalable metaverse."
"The company's technology complements Epic's Unreal Engine by enabling massive amounts of concurrent users and unlocking new tools for creators and developers. We are pleased to contribute to Hadean's growth and look forward to continuing to work together to lay the foundation for the metaverse."
"Hadean's mission is to bridge physical and virtual worlds - to help us make better decisions and ultimately improve the quality of our lives in the physical world. Today's virtual worlds are a limited experience - small scale, siloed, and insecure. Hence why, these are the technical challenges we're tackling today," said Craig Beddis, Co-Founder and CEO of Hadean.
"But we believe the true success and mass adoption of the metaverse will rely on the ease by which creators will be able to build their own experiences at scale, leveraging open and robust metaverse-as-a-service technologies. We're delighted to work with industry leaders like Epic Games, who share our ethos and ambition for this reality."
Prior to this, Hadean had developed vital metaverse components and signed multi-year agreements with the likes of Minecraft, Pixelynx, Sony, and Gamescoin, as well as with education and enterprise digital twin providers.
Epic Games, on the other hand, is one of the few traditional video game developers that openly embraces Web3. This month alone, the company listed NFT title Blankos Block Party and partnered with Samsung to launch "The Tonight Show" in the Fortnite metaverse. In July, the Fornite creator made it clear that it has no plans to follow Minecraft's NFT ban.