Vietnamese startup VerseHub has raised a total of US$1 million from venture capitals and investors recently with the fund set to be used for building its metaverse project, according to a report by Yahoo.
The startup's founder and CTO Canh Ho has experience in the VR/AR-related business field and the company has been developing a project for six months before receiving the funds from the investors led by Gamefi.
A report from Bezinga revealed that the project VerseHub is working on currently is named NextVerse, which is a metaverse system based on the blockchain architecture.
Prior to VerseHub, Meta Spatial, another metaverse startup in Vietnam, also obtained funds from investors including Animoca Brands.
Article translated by Yusin Hu and edited by Joseph Tsai