Business News Report
January 16, 2023

Createra raises $10 million from a16z to develop a gaming metaverse platform 

In Brief

Createra secured a $10 million Series A funding round from crypto investor Andreessen Horowitz.

The platform has a community of 15 million users, mainly consisting of Gen Z users.

Createra raises $10 million from a16z to develop a gaming metaverse platform 

Metaverse project Createra has announced a $10 million Series A funding round led by prestigious crypto investor Andreessen Horowitz (a16z). The funds will be used to continue developing the Gen Z-focused metaverse platform. 

Createra is a metaverse engine based on user-generated content (UGC), which allows creators to create and play MetaFi games while making friends online. 

“Createra’s powerful cloud-based web engine makes it incredibly easy to develop multiplayer games with web3 features,”

said a16z general partner Connie Chan. 

The platform is created for users and by users, giving its audience a change to have a direct impact on how it looks. Users can enjoy Web3 features like cross-play and instant accessibility through Createra’s on-chain games. The platform has an unlimited player capacity, and everything created or built on it is tradeable, including games, models, APIs, and more. 

Createra also uses NFT technology. Through the platform’s creator system, players can monetize their creations, convert them into NFTs, and distribute them on the market. 

Createra’s main demographic target is Gen Z, with a user base of nearly 15 million, of which half a million are creators. Just from Asia alone, the platform receives 1.3 million average monthly users. 

The project has already had a significant impact on the young generation for the last six years. The platform encourages collaborative creation, which lowers the programming threshold and reduces barriers for new users. Some that started out experimenting on the platform have since become game designers in large companies.

Rion is a 15-year-old team leader in Createra. His team consists of both elementary and high school students, each having a specific role in creation. 

“Createra’s map editor is like a game version of Google Docs! Everyone creates simultaneously, and the experience is more fun and efficient!”

he said. 

Another creator from the U.S. spoke about the ease of use of the platform and its compatibility features:

“We can quickly post our work and share it with our friends with one click, and they can open it with one click on their phones or any electronic device.”

Createra aims to become the Web3 communal experience where everyone learns and creates.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

More articles
Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
CoinList And Sui Introduce SuiHub Global Accelerator, Accepting Applications Until January 10
News Report Technology
CoinList And Sui Introduce SuiHub Global Accelerator, Accepting Applications Until January 10
November 22, 2024
Printemps: First Department Store Network In Europe To Accept Crypto Payments Via Binance Pay And Lyzi
News Report Technology
Printemps: First Department Store Network In Europe To Accept Crypto Payments Via Binance Pay And Lyzi
November 22, 2024
Polygon Labs Joins Forces With WSPN To Accelerate WUSD Stablecoin Adoption
News Report Technology
Polygon Labs Joins Forces With WSPN To Accelerate WUSD Stablecoin Adoption
November 22, 2024
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
News Report Technology
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
November 21, 2024