Pocket Worlds Launch First-Ever Metaverse Subnet on Avalanche
Pocket Worlds Launch First-Ever Metaverse Subnet on Avalanche. Pocket Worlds is a metaverse company with over 80 employees, $30M in revenue and $10M equity capital raised that focuses on the power of play and creativity to connect people.
2 million monthly active users on Highrise. They design their own MMO avatars, clothes, and settings.
Over 50,000 goods are traded per day. Highrise will use a subnet for web3 expansion, taking advantage of its speed, security, scalability and customization.
The Highrise World will launch on a subnet this year.
“We’re thrilled that Pocket Worlds will be building on an Avalanche subnet and bringing their background in creating social experiences in mobile to web3,” said Ed Chang, Head of Gaming at Ava Labs. “With the speed and customizability of subnets, Pocket Worlds will be able to take full advantage of these elements and deliver not only a great game, but a next-level metaverse experience.”
The platform believes that an Avalanche subnet provides the best metaverse experience for users, citing speed, security, uptime, and EVM compatibility as reasons for choosing to build on a subnet. An Avalanche subnet also lets Pocket Worlds use its own token, $RISE, for gas fees.
Expanding to web3 means Highrise World can have tokens. These tokens will have many use cases, including staking, governance and purchasing in-game items. Once its subnet launches later this year.
About Pocket Worlds
Pocket Worlds is a metaverse company with over 80 employees, $30M in revenue and $10M equity capital raised that focuses on the power of play and creativity to connect people. Its mission is to empower creativity and connection in a digital world. Pocket Worlds’ first metaverse, Highrise, launched in 2016 and the company acquired Everskies in 2021.
About Avalanche
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green.
