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a16z invests in Wolf3D metaverse avatar platform

Wolf3D, the startup behind the Ready Player Me platform, has closed its $56 million Series B round led by Andreessen Horowitz (a16z).

Funding was also provided by Konvoy Ventures, Collab Currency, Plural Platform, Hartbeat Ventures, Roblox co-founder David Baszuki and Twitch co-founder Justin Kahn.

The startup expects to double the number of specialists by the end of the year – from 50 to 100.

Wolf3D is known for creating avatar systems for Tencent, Wargaming, Huawei, Verizon and HTC.

To create a face database for Ready Player Me, the firm scanned more than 20,000 people using nearly 100 cameras.

Users can create free avatars on the platform, and developers can integrate Ready Player Me into apps and get ready-to-use enhancements for free. 3252 startup clients include VRChat, Spatial, Hiber, Pixelynx, Adidas, RTFKT and Dior.

Speaking to The Block, Wolf3D CEO Timmu Toke said the next step would be to create “content tools” for avatars – accessories.

“Any artist can get involved, create assets and sell them on the open market” explained.

According to Toque, Ready Player Me generates revenue from the sale of game assets through partners.

Recall that in December 2021, the Ready Player Me team raised $ 13 million.

Previously, Konvoy Ventures launched a $150 million fund focused on Web3 games.

According to DappRadar, GameFi and Metaverse performed best in the second quarter of the bear market.

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Source: Fork Log

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