Leading virtual fashion brand Raises $10 Million to Build First “Fashion Metaverse”
Space Runners, a popular Metaverse Fashion brand, announced a financing round of $10 million, partnering with Pantera Capital, Polychain, Jump Crypto, Accel, and various other brands, including the Chairman and Co-founder of Animoca Brands, Yat Siu, and the Co-founder of Fractal and Twitch, Justin Kan. This collaboration plans to build the first-ever end-to-end Metaverse fashion ecosystem on the blockchain network.
In December 2021, the Champions Sneaker Collection of the NBA was launched by Space Runners with Nick Young and Kyle Kuzma, former Champions of the NBA, where a total of 10,000 NFTs were sold out on the very same day within 9 minutes of the launch.
The fashion articles are attractively designed as NFTs, pluggable in several games and metaverses. Space Runners has grown to become one of the biggest and most popular Metaverse Fashion brands, built on the blockchain network, with more than 500K users across Twitter, Discord, and Instagram. NFT holders of Space Runners enjoy benefits that are exclusive to only them, including unlimited Solana API service access and getting courtside tickets to the NBA games every week.
In addition to this, Space Runners has also launched Social Media and Augmented Reality filters wherein holders can experiment with Space Runners and make the NFTs interactive outside the games and Metaverses.
Space Runners Co-founder Won Soh said that the platform’s main aim is to develop the first-ever end-to-end Metaverse Fashion ecosystem on the blockchain with the secured $10 million and expand the business along two lines – Fashion Metaverse and Fashion items.
Space Runner is focusing on building the first-ever Wear2Earn economy and gamifying fashion with the Fashion Metaverse. In the Wear2Earn economy, users will be rewarded and incentivized for being attractive and fashionable in Metaverse.
The platform aims to diversify its Metaverse Fashion brand and become one of the largest suppliers of interoperable fashion products for multiple games and metaverses.
According to Pantera Capital’s Partner, Paul Veradittakit, Pantera has extended support to the vision laid down by Space Runners and paved a way to work with fashion on the blockchain. Self-expression and digital identity are key components in the Metaverse. Fashion, according to Veradittakit, will become just as important in the Metaverse as it is in the real world.
As the interest in NFTs and the metaverse grows, Space Runners plans to collaborate and help various brands and artists enter the ever-growing Fashion Metaverse space.
About Space Runners
Space Runners is the first-ever NFT Metaverse Fashion platform that collaborates with brands and artists to design digitally wearable NFTs through plug-ins and Augmented Reality (AR) into the Metaverse space as items. Space Runners has collaborated with the NBA Champions Nick Young and Kyle Kuzma and launched a Sneaker NFT Collection. NFT owners can become members of the Runners club and benefit from the members-only perks and more.