Animoca Brands and private investors across Asia including Hemant Tucker, Segment Head for Technopreneurs and Market Head for South Asia and Middle East, Bank of Singapore, have invested in digital collectible platform Fantico Pte Ltd for an undisclosed amount to build the first Indian metaverse called VistaVerse.
VistaVerse will consist of virtual land, a series of blockchain games, curated and user-generated experiences, and its NFT marketplace.
Abhayanand Singh, CEO, Fantico, said, “We are proud and enthused about the future of entertainment that can be built here. The teams at Fantico and Vistas Media Capital, along with its investors, are excited to build out this new medium in an accessible and meaningful way.”
Fantico has already launched the marketplace, which is the first NFT platform to launch both physical and digital collectibles, focusing on both crypto and non-crypto user bases with marquee items to pique interests of both segments.
In parallel, Fantico has been building out its metaverse VistaVerse, which it will launch in the coming months with premium curated experiences including from top Indian celebrities.
The funding will be used to build a platform for creators, designers, developers and enthusiasts to launch their own metaverse and NFT assets and access several pre-populated world elements. The platform also has broader tie-ins with media and entertainment projects and businesses across Asia.
Dhruv Saxena, Chief Strategy Officer, Vistas Media Capital, added, “Our team is relentlessly focussed on crafting the best for creators and users simultaneously. We want to leverage the appeal of Web 3.0 and gamefi to make it relatable to those new to the space and build this out responsibly.”
Yat Siu, the executive chairman and co-founder of Animoca Brands, commented: “Our goal is the creation of an open metaverse that is also culturally diverse and inclusive. Fantico, armed with the legacy of Vistas Media Capital and its portfolio companies, will be able to draw on a wealth of Indian culture that will enrich the broader metaverse ecosystem. We are very happy to see the transition of media companies to Web 3.0.”