A number of days following the $ 155 million DeFi fund, Hedera Hashgraph designed a $ 250 million fund to produce the metaverse section.
![](https://coinlive.me/wp-content/uploads/2022/04/Hedera-Hashgraph-continues-to-spend-heavily-250-million-as.jpg)
On the evening of April seven, the HBAR Foundation, the organization behind the Hedera Hashgraph (HBAR) blockchain platform, announced that it will dedicate $ 250 million to the “Metaverse Fund”.
This fund was designed to target tasks they are preparing to produce in the discipline of Web3 – focusing on video games, virtual globe metaverse, NFT, interactive solutions for supporters and sports activities – to entice them to check out the internet site. Hedera Hashgraph.
(one) We are delighted to officially announce the launch of #Metaverse Bottom, a fantastic acceleration force for #gamevirtual worlds, trend, #NFTclient manufacturers, social platforms, the creator economic climate and organizations to enter the #Ivy ecosystem https://t.co/0tFydGDMLV pic.twitter.com/HVprXZ5FyL
– The HBAR Foundation (@ HBAR Foundation) April 7, 2022
The to start with corporation to get funding from the Metaverse Fund is Sayl, a corporation that is assisting additional than 300 manufacturers entry NFT for promoting.
Notably, this is the 2nd grant announced by the HBAR Foundation in latest days, following the $ 150 million fund to assistance DeFi applications on Hedera Hashgraph on March 29.
According to Coinlive statistics, at least 13 NFT / metaverse game advancement money from significant gamers have been announced in latest months, together with KuCoin ($ one hundred million), Chromia / My Neighbor Alice / Mines of Dalarnia (USD 80 million) ), Chromia / My Neighbor Alice / Mines of Dalarnia ($ 80 million) USD), Hashed ($ 200 million), Animoca Brands / Binance Smart Chain ($ 200 million), Gala Games ($ one hundred million), Solana Ventures (two money totaling $ 250 million), FTX Ventures ($ two billion), The Sandbox ($ 50 million), GameStop ($ one hundred million), Animoca Brands ($ thirty million), Gala Games ($ five billion), Qualcomm ($ one hundred million).
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