Next Earth, an NFT-based digital land purchasing platform, announced on Thursday that it has invested $12.5M (approximately €11.8M) in Limitless, a global blockchain startup studio.
The announcement comes a few days after Limitless announced the launch of a new Metaverse integrator service for businesses and brands.
Besides the funding, Next Earth has appointed David Taylor, the token architect behind NXTT, as CEO of Limitless.
David Taylor says, “Now within the Limitless network there are over 700 venture capital firms and 1200 startups that are potential service providers within the Next Earth metaverse, which has been done through strategic partnerships that Limitless has been making.”
He adds “Limitless started building a $260M (approximately €246M) metaverse fund to breathe out new metaverse startups that will be onboarded to Next Earth, giving utility to the land and NXTT and creating the first generation of successful metaverse startups in the next five years.”
The position of Chairman has been filled by David Prais, who is a mentor of David Taylor and has been working with him for 7 years.
David Prais has built seven unicorn companies, including Dell and Gateway, and has been the former chairman of the Greater London Investment Fund.
According to Next Earth, this investment will help create a thriving metaverse economy and enable new startups to succeed and users to experience all that virtual reality it has to offer.
Further, Next Earth sees Limitless as a trusted provider of system integration, helping them build out the powerful service provider platform.
On the other hand, Limitless views Next Earth as a key strategic partner, providing valuable investment capital and support to power their continued growth.
The combined potential of both Next Earth and Limitless has already been demonstrated, with Next Earth becoming a unicorn in less than nine months.
Next Earth: What you need to know
Next Earth is the Earth’s original digital replica that enables citizens to buy and sell lands on virtual earth while creating value on the real one. It is a social experiment on how virtual spaces can be managed, governed, and used to back environmental projects.
Since its inception, Next Earth has more than 45,000 virtual landowners, and 238,000+ registered users with more than $10M in total income, and their own token.
Limitless: What you need to know
Limitless, global blockchain startup studio is the team behind Metaverse’s unicorn Next Earth. The company is on a mission to make the metaverse the most open, equitable, and innovative economy in human history.
The company is organised in two parts –
Limitless Network – It will act as a launchpad for startups and service providers to help projects connect to Next Earth.
Limitless Capital – With a $260M fund, it will help startups launch, build and scale new businesses within the Metaverse.
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