Portals, a startup developing a browser-based metaverse that doesn’t require virtual reality (VR) gear, has raised new funds to keep the project going.
An easier entry point into the metaverse is provided by a browser-based platform, according to co-founder Adam Gomez of Portals. Users could simply click a link to enter the metaverse or another person’s space. He went on to say that users shouldn’t be required to purchase a virtual reality headset or a gaming PC in order to participate in or influence the metaverse.
Browser-based metaverse Portals
To use Portals metaverse, you must have access to a web browser like Google Chrome or Microsoft Edge. People can use it to create a unique virtual home in the metaverse.
On Friday, Portals announced that it had raised $5 million in seed funding. Multicoin Capital, Solana Ventures, Foundation Capital, Almeda Research, Sino Global Capital, The Chainsmokers’ Mantis VC, Wave7, Cultur3 Capital, SkyVision Capital, and MonkeVentures — as well as notable individual investors like Justin Kan and Robin Chan — participated in the round, led by Greylock Partners.
With platforms like Facebook and Microsoft getting involved in the race to build a virtual world for virtual reality, the metaverse has become a hot topic. As a result, Portals has now joined the ranks of those major players, with its browser-based alternative.
Portals Aims to Remove the Need
In the words of Gomez, the goal is to turn downtown Portals into “the metaverse’s finest city,” a destination for millions of people who live there and come to visit. Visitors will be able to do things like shop, attend concerts, and listen to records, among other things.
If Apple and Nintendo collaborated to create an open, fun, 3D layer of the internet that people could interact with, and everyone — crypto-natives or not — could form communities, design storefronts, and play user-built games in the city centre arcade, it would be like that.”