S. Korean Metaverse Firm Anipen Raises US$8 Million in Series C Round

South Korean metaverse platform Anipen attracted financing totaling over 11 billion Korean raised ($8.3 million) in its Series C round before its anticipated initial public offering (IPO) next year. Medici Investment, Ulmus Investment, and the Korea Development Bank are among the investors (KDB). With the financing, Anipen will increase its global alliances and develop its metaverse content services. Anipen is a profound learning-based metaverse platform developer with a focus on artificial intelligence (AI), augmented reality (AR), and extended reality (XR). Anipen’s Three Dimensional Mobile Application Its premier service, a three-dimensional mobile application called AnibeaR, enables users to produce AR-enhanced video material with the help of well-known kid’s cartoon characters like Hello Kitty and the Teletubbies. The developer of the metaverse gathered investments of 13 billion won last year. As soon as the company’s assets reach 20 billion won, it intends to end its Series C financing. Ifland Metaverse Engages in Play-to-Earn in South Korea Ifland 2.0, the upgraded version of the South Korean metaverse, allows users to make money in the metaverse. It was unveiled by Ifland’s operator, telecom behemoth SK Telecom. Users who meet attendance requirements and accomplish in-metaverse missions will receive points from the Ifland 2.0 economy that will eventually have “cash-like utility.” Thanks to the change, users can create ...