According to NFT Evening, Metaverse development company LandVault completed a $37 million financing, led by The Sandbox, Softbank, and Kingsway Capital, with participation from HodlCo, Gemini Frontier Fund, and others. LandVault said it has spent the past two years creating Metaverse infrastructure with partners such as Heineken, L'Oreal and Mastercard, and the company will use the funds to continue its Web3 expansion and create AI tools, while expanding across Asia, Dubai, European and American team sizes. Previously, LandVault completed a US$25 million Series B financing in November 2021. At that time, the company mainly used the funds for in-game advertising and developing metaverse infrastructure.
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