Mona secures $14.6M for its metaverse platform for creators

Mona has raised $14.6 million to build a metaverse platform for 3D creators.

Jun 30, 2022
by Anvi Saini
Mona secures $14.6M for its metaverse platform for creators
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Mona is a platform and network that enables producers to create, mint, and sell interactive metaverse worlds as NFTs. Anyone may develop and utilize the world-building platform for free using their web browser, and creators can mint their metaverse worlds on the Ethereum or Polygon blockchains.

Mona lets people build and showcase photorealistic works of architecture, mesmerizing art, dynamic 3D gardens, immersive scavenger hunts, unforgettable virtual events and concerts, and mysterious escape rooms.

Justin Melillo, CEO of Mona, said:

“We see creators and developers as the backbone for the metaverse. So we’re really excited to take a different position on things and move the conversation away from this emphasis placed on artificial scarcity, selling land, even selling passes for a creator to build.”

Protocol Labs, Archetype, and Collab+Currency co-led the oversubscribed round. Placeholder, OpenSea Ventures, Polygon Studios, ConsenSys, Venture Reality Fund, and other crypto-native funds and angel investors are among the other investors.

Melillo further added,

“Our mission at Mona is to make the metaverse a social network where creators can thrive. A place to build worlds, not walls. With the closing of this round, we will continue to grow our global, vibrant community of builders as we onboard thousands of new creators to the open metaverse and Web3. The metaverse doesn’t have to belong to big tech companies — it can, and will, be a place for everyone."

The metaverse is a network of interconnected virtual worlds where people can interact with one another online. While many businesses want to profit from the metaverse by selling land, real estate, and other virtual assets, Mona is focused on building an open metaverse that does not require a purchase to enter or utilize.

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