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Usha Yadav
Jul 22, 2022
by Usha Yadav

S. Korean Metaverse Firm Anipen Raises US$8 Million in Series C Round

Anipen

Table of contents

  1. Anipen's Three Dimensional Mobile Application
  2. Ifland Metaverse Engages in Play-to-Earn in South Korea
South Korean metaverse platform Anipen attracted financing totaling over 11 billion Korean raised ($8.3 million) in its Series C round before its anticipated initial public offering (IPO) next year. Medici Investment, Ulmus Investment, and the Korea Development Bank are among the investors (KDB). With the financing, Anipen will increase its global alliances and develop its metaverse content services.

Anipen is a profound learning-based metaverse platform developer with a focus on artificial intelligence (AI), augmented reality (AR), and extended reality (XR).

Anipen's Three Dimensional Mobile Application

Its premier service, a three-dimensional mobile application called AnibeaR, enables users to produce AR-enhanced video material with the help of well-known kid's cartoon characters like Hello Kitty and the Teletubbies. The developer of the metaverse gathered investments of 13 billion won last year. As soon as the company's assets reach 20 billion won, it intends to end its Series C financing.

Ifland Metaverse Engages in Play-to-Earn in South Korea

Ifland 2.0, the upgraded version of the South Korean metaverse, allows users to make money in the metaverse. It was unveiled by Ifland's operator, telecom behemoth SK Telecom. Users who meet attendance requirements and accomplish in-metaverse missions will receive points from the Ifland 2.0 economy that will eventually have "cash-like utility." Thanks to the change, users can create costumes and other goods to sell for a profit.

Play-to-earn features in video games are still prohibited in South Korea due to worries that they encourage speculation, even if metaverses do not currently fall under this worry.

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Metaverse Play to Earn Anipen Three Dimensional Mobile Application Ifland 2.0
S. Korean Metaverse Firm Anipen Raises US$8 Million in Series C Round
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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