Reading: Ngc Invests in Republic Realm in Order to Speed Up the Development of Its Metaverse Platform
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Ngc Invests in Republic Realm in Order to Speed Up the Development of Its Metaverse Platform
Posted NFT Studio 24 December 9, 2021 396 Views 3 Min Read
NGC invests in Republic Realm in order to speed up the development of its metaverse platform.
Republic Realm has been acquired by NGC Ventures, a crypto, and blockchain investment firm. The goal of this strategic investment is to fuel Republic Realm's metaverse expansion and innovation efforts.
Republic Realm invests in, develops, and manages a variety of assets such as NFTs, virtual real estate, metaverse platforms, gaming, and infrastructure. Republic Realm, one of the most active placemakers in the metaverse, focuses on value creation and community building.
Its notable initiatives have included The Museum Collection, a digital culture NFT museum, Fantasy Islands and Fantasy Collection NFTs such as The Metaflower Super Mega Yacht, which recently sold for $650,000, the highest price ever paid for a Sandbox asset, and the Republic Realm Academy, the first online university set in the metaverse driven entirely by tuition NFTs.
"The metaverse has sparked great interest within the crypto community and beyond, yet it is still very much a nascent space," said Roger Lim, NGC Venture's Founding Partner, of the firm's decision to invest. The involvement of a pioneer like Republic Realm would be a step in the right direction, creating a novel space where collaboration and interaction thrive — and that level of value creation is something we are always excited to support."
NGC Ventures has been a key contributor to many industry-leading projects, including Solana, Polkadot, Elrond, and Avalanche, with the goal of cultivating meaningful long-term value in the digital asset realm through early-stage investments.
"The metaverse is more than just a virtual reflection of the real world," said Janine Yorio, Co-Founder of Republic Realm. "It is more creative, more accessible, and can even be more lucrative." At Republic Realm, we see ourselves as space developers, laying the groundwork for our virtual future. Our collaboration with NGC Ventures propels us forward in our mission to create metaverse experiences that reflect the community's interests and aspirations."
Republic Realm's metaverse real estate investment vehicle has amassed a diverse portfolio that includes large NFT land holdings in 19 different metaverse platforms such as The Sandbox, Axie Infinity, Decentraland, and Treeverse.
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