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Metaverse Infrastructure Firm Hadean Raises $30M From Fortnite Developer, Others

·1-min read

Hadean, which aims to build the infrastructure for metaverse environments, has raised $30 million in Series A funding in a round led by Molten Ventures and including Epic Games, the developer of online video game Fornite.

Other participants included 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTe, Hadean said Friday.

"As an open platform for distributed cloud computing, Hadean can be considered the 'infrastructure' that powers the metaverse so it can become a reality," the London-based company said.

The metaverse is a digital world created by the combination of virtual reality, augmented reality and the internet. While the technology is in its infancy, many believe it will profoundly change the worlds of gaming, social media and ecommerce. Last week, JPMorgan said in a research report that the metaverse-related economy of China alone could reach $4 trillion.

Read more: Play-to-Earn Gaming Platform Vulcan Forged Raises $8M in Series A Funding