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Metabloqs opens digital city after raising fresh capital

The Lucerne-based start-up Metabloqs has opened a digital version of Paris accessible via the Metaverse. The launch follows on from the company securing pre-seed capital of 1.25 million Swiss francs from investors. Digital reproductions of goods can be acquired in the virtual city.

Metabloqs has opened a digital version of Paris accessible via the Metaverse.
Metabloqs has opened a digital version of Paris accessible via the Metaverse. Image credit: 27707/Pixabay

Metabloqs has opened a digital version of Paris in the Metaverse, further details of which can be found in a LinkedIn post. Initially, users will only be able to access the city’s 7th Arrondissement, where the Eiffel Tower is located, with additional parts of the city and whole other cities to be added in due course. To begin with, the virtual city is also open to a select group of 5,000 beta users.

The start-up, which is based in Weggis in the canton of Lucerne, announced the launch of its product during MetaWeek, an event held in Dubai on September 11-14. In addition, the company has also announced that it has successfully secured pre-seed funding from investors in the amount of 1.25 million Swiss francs.

The decentralized Metaverse designed by Metabloqs depicts a virtual world in which users receive a passport and can, for example, acquire goods and products in the form of NFTs (Non-Fungible Tokens).

In an article published on the platform finews.ch, Marc-André Schauwecker, Chairman of Metabloqs, praises the favorable blockchain regulations in Switzerland. Thanks to this advantageous regulatory landscape, Metabloqs has been able to develop its project as the use of NFTs is permitted in this field, for example.

The article also details how Metabloqs has also already agreed a partnership with the department store chain Jelmoli, the aim of which will be to develop various projects in connection with digital shopping.

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