first level title

From traditional games to Web3, it has received a total of $62 million in financing so far

On March 23, LandVault disclosed that it had received $37 million in financing led by The Sandbox, SoftBank and Kingsway Capital, with participation from HodlCo and Gemini Frontier Fund, and will use the funds to continue its Web3 expansion and create AI tools, while Scale up Asia, Dubai, Europe and US teams.

"Our vision is to accelerate the economic development of the Metaverse, and the latest advances in artificial intelligence technology are helping us quickly develop a roadmap. Metaverse needs a WordPress (open source website building tool) that allows anyone to build as easily as creating a website Metaverse, we are investing heavily in R&D to build these tools,” revealed LandVault CEO Sam Huber. And The Sandbox has supported an artificial intelligence tool developed by LandVault this year.

Founded in 2017 as a company focused on building infrastructure for Metaverse projects, LandVault initially helped brands develop and grow games. In November 2021, LandVault received US$25 million in Series B financing. This round of financing was mainly used for in-game advertising and the development of metaverse infrastructure. This brings LandVault’s total funding to date to $62 million.

first level title

LandVault's Business Model: Developer and Metaverse Toolkit

As early as June 2022, Sam Huber revealed that LandVault’s metaverse product revenue in about 4 months has exceeded the sum of revenue in the past two years. What is the current business model for LandVault?

Officially, LandVault is not just a builder, it can provide end-to-end solutions for any project that wants to enter the metaverse, and it also aims to help them create profits in the metaverse, from land leasing, project management to business measurement and other services .

In the construction of the metaverse, LandVault has a total of more than 120 internal builders, and has completed 200 constructions in the metaverse and developed 100 million square feet. About 12% of the metaverse is built by LandVault. As one of the largest developers in the Metaverse, according to the official website, LandVault has not only cooperated with many well-known encryption projects such as The Sandbox, Decentraland, NFT World, World of Women, and Somnium Space, but also the Standard Chartered Bank, Heineken, L’Oreal, MasterCard , Hershey and Creative Artists agency, traditional top brand partners. LandVault has disclosed that LandVault's project charges will be based on a certain basic cost, depending on the complexity and development difficulty. From a small project of $10,000 to a large project close to 7 figures, the average construction time is more than 6 weeks.

LandVault Helps Hershey Build on Decentraland

In addition to land construction, LandVault also provides land purchase and lease services, and it has more than 100 plots in the head project. Of course, the holder can also mortgage the land to LandVault, which will be rented out by the platform.

In addition, LandVault also provides the Metaverse Discovery tool supported by artificial intelligence technology, which can be used to help track the market trends of each metaverse platform, such as the number of land for sale, average price, sales volume and other indicators, and can also view the daily price when purchasing land. The price, characteristics and sales history of each land, and provide the best quotation, and users can also view the sales indicators of the sentiment index, land parcels with development prospects, etc. It is worth mentioning that the Metaverse platform can also access Measurements through LandVault’s API to collect users and analyze usage, including new users, average connection time, time period with the largest number of visits, and most frequently visited locations.

From a game company to a metaverse developer, and then to an integrated metaverse toolkit, the successful transformation of the business in a short period of time may be one of the main reasons for LandVault’s high financing.