Metaverse event company RLTY acquires more than $4 million in pre-seed round

The funding will be used to continue providing metaverse event creation tools to various brands that would like to host virtual events while further expanding the team that is providing a no-coding platform featuring user-friendly tools for hosting events in the metaverse.

Jun 28, 2022
by Dragan
Metaverse event company RLTY acquires more than $4 million in pre-seed round
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RLTY, a company offering metaverse event creation tools, has acquired more than $4 million in a pre-seed funding round.

Participants include Sebastien Borget (The Sandbox), Adrien Monfort (Sorare), the Jellysmack team, Guillaume Lestrade (Meero), Kima Ventures, Blue Wire Capital, Monoceros Venture, Owl Ventures, Stake Capital, Cowa and more. The financing will be used to further grow their team while presenting their metaverse event creation tools to various interested brands.

Zack Sabban, co-founder of RLTY, said the following:

“Metaverse platforms offer infinite possibilities for both companies and brands. Our mission is to provide access to these worlds and leverage them to create unique events for as many people as possible, free from geographical, cultural or financial obstacles. RLTY is currently the only one-stop shop for creating metaverse events from A to Z and we are proud to be backed by the biggest names in the meta sphere.”

Based in France and describing itself as “The Metaverse Event Company,” RLTY aims to make it easy for anyone to host virtual events in the metaverse by providing organizers with a no-code platform containing the following tools: Virtual Lands Access, NFT Tickets, Sales & Marketing Tools, Gamification & Monetisation, 3D Design Library, and Analytics. 

Back in May this year, the company partnered up with The Sandbox to make it easy for anyone to make events using the user-friendly toolkit on the aforementioned decentralized gaming platform. But that’s not the only place the metaverse startup aims to integrate in. Their goal is to be platform-agnostic, partnering with “major festivals, artists, art fairs & exhibitions, conferences, fashion shows, luxury brands, corporate, and NFT communities” to offer event tools across any metaverse platform. A couple of events using their tools have already been hosted on Decentraland, with one of them being hosted both on The Sandbox and Decentraland.

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