Asva Labs Wins Strategic Investment from Polygon to Build a Metaverse-Based Launchpad

Asva Labs has secured a strategic investment from Polygon to build the first blockchain-based Metaverse Launchpad and accelerator. MetaLaunch, powered by Asva Labs, is a Multi-chain Launchpad for Gaming and Metaverse projects.

Initially built on the Polygon blockchain, MetaLaunch is a multi-chain launchpad specifically dedicated to serving the top tier metaverse projects. The MetaLaunch project facilitates a platform to foster innovation in the metaverse by allowing projects to raise capital through Initial Metaverse Offering (IMO) and Initial Game Offering (IGO). The launchpad paves the pathway for highly-vetted metaverse projects to enable innovation and secure infrastructure.

Asva Labs will utilize the funds acquired from Polygon to expand its product horizon and increase the breadth of the ecosystem by facilitating metaverse-based projects with a unique mechanism to raise funds.

“We welcome collaboration with Polygon on strategic investments, which has helped us advance our industry-leading MetaLaunch product. We’re moving forward to capitalize on the development of the metaverse through encounters with emerging metaverse startups and play to earn market share.”

– Mallikarjuna Naidu, CEO of Asva Labs.

ABOUT POLYGON

Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.

ABOUT ASVA LABS

Asva Labs is an innovation lab that catalyzes the Web 3.0 revolution through interoperable, decentralized applications. The ecosystem includes Asva Finance, a premier multi-chain DeFi aggregation engine that routes the best yields on money market services by integrating top DeFi protocols and MetaLaunch, the first multi-chain launchpad and accelerator dedicated to metaverse and blockchain gaming projects.

SOURCE: 
Medium