The platform for digital collectibles, Terra Virtua, announced on November 4th that Completed a $ 2.5 million private financing round with support from funds including Woodstock, NGC Ventures and AU21 Capital.
The investments raised are used to develop what the company describes the first ecosystem for a “mass market” of non-fungible tokens or NFTs for its acronym in English.
Next to the market for proven rare digital collectibles The platform has a strong focus on the social side of the fan world. As such, it offers a number of customizable virtual rooms in which Users can view their digital collections in NFT form, including in-game items, artwork, movies, music, and sports memorabilia.
Terra Virtua is also supported by partners such as Paramount Pictures, Legendary Entertainment and Unreal Engine, and you’ve already signed intellectual property (IP) agreements for movies like Top Gun, Lost in Space and the Godfather.
While the possibilities that NFTs offer have been gaining popularity in the crypto space and especially in blockchain-based gaming circles for some time, They do not yet have a significant impact on the main traditional markets.
But still, Consumers are now more comfortable owning digital items. Thanks in large part to the MP3 revolution in the music industry and the subsequent era of iTunes.
In order to, Could an ecosystem of digital collectibles infiltrate the $ 62 billion market for fan merchandise and merchandise and entice Comi-Con audiences into the blockchain party attempt? The founder of Terra Virtua, Jawad Ashraf, think so:
“Imagine exclusive merchandise from the Game of Thrones finale only available during the episode. If you could receive exclusive merchandise from a team when a player hits a home run. Merchandise available at a concert during certain performances Custom action figures that come to life … that’s the kind of thing you’ll see in Terra Virtua. “