And still the virtual world funding announcements keep coming. The latest company to secure investment is German firm Metaversum, which has taken a multi-million Euro investment from Balderton Capital.
The funds will be used for the launch of Metaversum’s Twinity virtual world, which is in private beta at the moment, and due to launch fully this summer. However, the company also has a social network platform, Yumondo, which is also in private beta.
The combination of a virtual world and a Web 2.0 product is intriguing, given the convergence between these two sectors. It remains to be seen whether Yumondo will be used for Twinity, or if there’ll be any interaction between the two.
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