Oorbit raises $5M from Mark Cuban, Deadmau5 and more for metaverse platform


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Oorbit has raised $5 million in funding for its metaverse platform from Shark Tank investor Mark Cuban, Deadmau5 and HOF Capital.

The London-based company is creating an interactive entertainment platform for the metaverse and hopes to make it accessible to everyone.

Launching in late 2022, Oorbit has developed an infrastructure that unites metaverse experiences and worlds in one place, removing barriers to entry. The Oorbit platform enables players to experience high-quality games, events, interactive media, marketplaces and more from content partners.

“Earbit is demystifying the key technologies that will play the biggest role in the growth of Web3 and the metaverse; blockchain, cloud streaming, NFTs, fintech and more,” Oorbit CEO Ash Koosha said in a statement. “We are combining the best parts of these complex technologies to enable episodic entertainment that is not only incredible, but also approachable, for all audiences. This funding round will support growth and platform expansion.”

With more details to follow, Oorbit will be accessible in one easy-to-navigate platform on the types of screens users already have.

“As the metaverse of our imagination moves towards real-life entertainment, experiences and products, the founders of Oorbit have created an innovative platform where developers, publishers and brands can create and deliver their most compelling work more easily,” said Mark Cuban, owner of the billionaire. of the Dallas Mavericks, in a statement. “Best of all, and at the heart of their plan, Oorbit has put the user at the center of their technology so they enable games and even worlds that will please everyone, and pave a path for metaverse growth in general.”

I’m not sure what the company is doing, but it’s impressive in terms of the funding round.

“In every technology sector, there are people who want to shape the future,” HOF Capital’s Corby Pryor said in a statement. “The key as an investor is identifying the team that can adopt an ambitious vision and make it happen. That’s Oorbit: great vision with the core ability to execute.”

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This post Oorbit raises $5M from Mark Cuban, Deadmau5 and more for metaverse platform

was original published at “https://venturebeat.com/2022/03/17/oorbit-raises-5m-from-mark-cuban-deadmau5-and-more-for-metaverse-platform/”

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