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VerseHub obtains US$1 million for developing metaverse products

Alex Chen, Taipei; Yusin Hu, DIGITIMES Asia 0

Metaverse. Credit: DIGITIMES

Vietnamese startup VerseHub has raised a total of US$1 million from venture capitals and investors recently with the fund set to be used for building its metaverse project, according to a report by Yahoo.

The startup's founder and CTO Canh Ho has experience in the VR/AR-related business field and the company has been developing a project for six months before receiving the funds from the investors led by Gamefi.

A report from Bezinga revealed that the project VerseHub is working on currently is named NextVerse, which is a metaverse system based on the blockchain architecture.

Prior to VerseHub, Meta Spatial, another metaverse startup in Vietnam, also obtained funds from investors including Animoca Brands.