Bit.Country Raises $4M in Seed for User Created Metaverses

Published in

MNet

5 min readMay 12, 2021

Humans have never stopped expanding their consciousness and sphere of exploration. We are composing a new chapter in the web3.0 paradigm for mass adoption with sustainable technologies.

Ever since the internet came into our lives, we have benefited from the high speed of information exchange, and then blockchain networks provided us with a trustless flow of value. We now envisage that the metaverse will bring civilization a highway of imagination and happiness.

Today, we are excited to announce a new era of the metaverse. The Bit.Country team has secured US $4M in the first round of funding and is backed by some amazing metaverse enthusiasts.

The first round was led by four top web3 and metaverse pioneers along with another 56 metaverse-future believers around the world.

Bit.Country Investors & Partners

On the network of influencers, Walsh Wealth Ventures co-leads the round by bringing a powerful network of KOLs and influencers reaching 200 million fans on classic social media platforms.

Their network includes CryptoGodJohn, MrBeast, KSI, Tobias31, Lazarbeam, MrFreshAsian, LachlanYT, CryptoWizardd, and others.

A global leader, a unicorn in blockchain gaming, Animoca Brands joins in co-leadership of the round and brings in vast knowledge and connections to metaverse games. As an owner of many popular blockchain games, we are looking forward to a collaborative future in this space.

**Top funds in Polkadot, Hypersphere Ventures**, and **Digital Financial Group (DFG)**

Top funds in the Polkadot ecosystem, Hypersphere Ventures, and Digital Financial Group (DFG) are the co-leaders from the Polkadot community and they bring us a clear future of the internet of chains and the composition of chains on Polkadot/Kusama.

Visionaries and trendsetters, Anti Fund backed by Geoffrey Woo and Jake Paul (20M subscribers on YouTube); and Cao Yin (the first Crypto-art collector in China) of DRF.EE, are both sound supporters in this round.

The crypto and digital Investment communities, Republic teams have a strong belief in what we do. Both Republic Labs and Republic Realm have joined in, allowing us to have access to the most elite communities from crypto retail investment to digital real estate development.

Apart from the co-leaders of the round, it is our great honor to have the following amazing friends, investors, and partners,

Kernel Ventures, Shima Capital, Genblock Capital, Longhash, CMS, Illusionist Group, Altonomy, LD Capital, SevenX Ventures, GFS Ventures, Polka Warriors, Moonwhale Ventures, Moonrock Capital, Paka Capital, and NGC Ventures.

Vendetta Capital, OKEx Blockdream Ventures, Remarxs, Sub0 Capital, NxtBlock, Sky Vision Partners, SSSNode, Coinblox Capital, Waterdrip Capital, Marshland capital, Mr Block, YBB, BlokeGlobe, Lotus Capital, 18Ventures, MGNR, and Ratio Ventures along with many other amazing parties that support our metaverse initiatives.

About Bit.Country

Bit.Country is an EVM-enabled blockchain network for user-created metaverses and games.

Everyone can start their own metaverse for their people with the 3D world, NFTs, play-to-earn & build communities to earn, and takes community engagement to a new dimension on web3.0.

Our network supports Ethereum-compatible smart contracts, developers can deploy their existing Dapps or build brand new ones for bit countries.

In each bit country, users can use $NUUM or supported tokens, the local marketplace, and the local DAO that governs the community and makes decisions for issues such as the supply of assets.

We are also transitioning social engagement to a 3D virtual world while still allowing access to the classical web social timelines with text and multimedia.

Our Purpose

While our team is excited about web3.0 development, our destiny is to create a network that brings real-world impact. We want to provide ordinary people with opportunities of value access in this paradigm shift.

Our vision and dream come true when the common people of the world are able to earn a modest income by contributing to their Bit.Country communities; and Bit.Country owners distribute value to their followers by generating greater influence through network expansion.

The Inception

In early 2018, our Co-founders, while attending the US blockchain conference in San Francisco, visualized a future digital world for virtual assets and virtual life. Making it meaningful and real through a trustless network of value, which is a strong link between the metaverse and reality. They bought the domain name bit.country right on the spot and started imagining a new venture.

Start your own bit country for your people

Since then, the team, with their master-apprentice culture, started the proof of concept. In late 2018, the team was introduced Substrate/Polkadot technology through friend connections. This new technology excited the team as they found that it was the only framework available on the market that can implement the ultimate vision of Bit.Country with environmental sustainability.

Our Approach

Education is the door to many great things, as founding members of Industry Connect, a well-known global tech educator, our proven strength is to educate people for success.

We have launched several courses to bring people to benefit from the Web3.0 movement. Those are the Substrate Runtime Developer Academy (partnered with Acala Network), and the world’s first Metaverse Career Academy.

Education will allow us to bring awareness to this new paradigm while growing an elite community for the metaverse future.

Our Team & Partners

Everyone in the team is a believer in a metaverse future, and we have talented staff around the globe; with a diversity of skills and experiences accumulated from large-scale solutions to great community development.

After recent acceptance into Berkeley Blockchain Xcelerator, we are mentored by experienced blockchain experts, and connecting with more partners.