Metaverse Platform ALTAVA Group Closed About $9 Million in Financing Led by Animoca Brands and Others

ALTAVA Group, a metaverse platform, closed an 11 billion won ($9.02 million) round of funding led by Animoca Brands and Blocore, with participation from Wemade, Spartan Group, Sky Vision Capital and others. The funds raised will be used to enhance Altaba's services, recruit talent and expand marketing. ALTAVA Group aims to make luxury fashion and retail access to the public in the metaverse. The platform is said to be building a metaverse ecosystem by building a metaverse platform, ALTAVA Worlds of You, and an NFT marketplace, ALTAVA Market, which sells luxury lifestyle brands.