a16z invests in Wolf3D metaverse avatar platform

a16z invests in Wolf3D metaverse avatar platform

a16z invested in Wolf3D metaverse avatar platform

Wolf3D, the startup behind the Ready Player Me platform, closed a $56 million Series B round led by Andreessen Horowitz (a16z).

https ://twitter.com/readyplayerme/status/1562032070251032576?ref_src=twsrc%5Etfw

Funding also provided by Konvoy Ventures, Collab Currency, Plural Platform, Hartbeat Ventures, Roblox co-founder David Baszuki and co-founder Twitch Justin Kan.

The startup expects to double the number of specialists by the end of the year – from 50 to 100. 

Wolf3D is known for creating an avatar system for Tencent, Wargaming, Huawei, Verizon and HTC. 

The company scanned more than 20,000 people using about 100 cameras to form the face database for Ready Player Me.

Users can create avatars on the platform for free, and developers can integrate Ready Player Me into applications and get ready-to-use developments at no cost. The startup's 3,252 clients include VRChat, Spatial, Hiber, Pixelynx, Adidas, RTFKT, and Dior.

In an interview with The Block, Wolf3D CEO Timmu Toke said that the next step would be to create “content tools” for avatars – accessories .

“Any individual artist can get involved, create assets and sell them on the open market,” he explained.< /p>

According to Toque, Ready Player Me earns revenue from the sale of game assets through partners.

Recall that in December 2021, the Ready Player Me team raised $13 million.

Earlier, Konvoy Ventures launched a $150 million fund with a focus on Web3 games.

According to DappRadar, GameFi and the in the second quarter showed the best dynamics in a bear market.

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