- VCORE is a community-driven metaverse token to power virtual world economies by rewarding users for engagement
- It will be integrated into an already massive global community
MetaJuice, the blockchain-oriented subsidiary of Together Labs, today announced that it has closed its final VCORE presale.
Strategic presale investment partners include some of the largest players in the crypto-metaverse, including Animoca Brands, Meta Impact Capital, BITKRAFT Ventures, Blockchain CoInvestors, Immutable X, DWeb3 Capital, and Mirana Ventures, Bankless Times learned from a press release.
Fueling VCORE development
The funds will be used to speed up the development of ERC-20 token VCORE, which will reward active earners, creators, and players, thus powering the future of the metaverse. John Burris, President and Founder of MetaJuice, commented:
We feel very fortunate to have VCORE and our move to Web3 backed by the leaders in the crypto-metaverse, crypto-gaming and blockchain assets spaces. With the support of these strategic VCORE buyers, we feel very confident in our ability to bring VCORE to one of the largest social metaverse platforms in the world – IMVU.
Upcoming launch in the biggest social metaverse
VCORE is a community-driven metaverse token, designed to power any virtual world's economy by rewarding users for their engagement. This engagement is an integral part of the metaverse social/game play, creator led economy and governance.
It will soon launch in IMVU, the most lucrative social app and the biggest social metaverse in the world. IMVU’s thriving virtual goods and services economy includes over 200,000 active creators/earners and over 1,000,000 daily active users.
VCORE will first be available for purchase worldwide to IMVU users resident outside of the US and Canada. Robby Yung, CEO of North American operations of Animoca Brands, said:
What we really like about VCORE is that it will be integrated into an already massive global community with a high velocity metaverse economy, which right now sees 15 billion game credits exchanging hands every month. VCORE will immediately open up ownership and utility to millions of players.
Together Labs CEO Daren Tsui added:
VCOIN was the first token to receive a no-action letter from the Staff at the SEC and now has nearly 1 million active wallets. MetaJuice is soon to complete one of the largest adoption events to date for NFT technology as it introduces NFTs into the IMVU platform. And now MetaJuice has successfully closed a highly strategic round for VCORE, the first token to launch into a massive existing metaverse economy. MetaJuice and Together Labs are poised to revolutionize the crypto-metaverse.
Participants in the strategic presale include:
Animoca Brands, a global leader in gamification and blockchain with a large portfolio of over 380 investments. Its mission is to advance digital property rights and decentralized projects to help build the open metaverse.
BITKRAFT Ventures, one of the largest gaming centric venture funds in the world, with a crypto-gaming/metaverse portfolio that gives them unique insight into the future.
Immutable X, the leading Layer 2 Ethereum-scaling solution offering innovators and builders incredible speed, security and liquidity across digital worlds.
Mirana Ventures, venture partner of Bybit and BitDAO, an early stage crypto fund dedicated to supporting companies, protocols, networks and DAOs in the transition toward a more decentralized society.
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