Lumos Labs raises $1.1 million in funding; launches developer-centric metaverse platform

New Delhi: Lumos Labs has introduced the launch of a metaverse platform for builders to be taught, earn, and discover alternatives after elevating over $1.1 million in funding led by Web3.0 enterprise fund Delta Blockchain Fund.

The spherical additionally noticed participation from enterprise capitalists equivalent to Superblock, Subsequent Net Capital, Arcanum Capital, AG Construct, Paradigm Shift Capital, and a number of angel traders from the Web3.0 ecosystem.

“Lumos Labs was constructed with a imaginative and prescient of bringing blockchain know-how to the forefront for builders and founders and over time, we have now run a number of packages with over 40 Web3 companions whereas constructing a robust group of builders to realize that objective,” stated Kaavya Prasad, founder, Lumos Labs.

With the Web3.0 house, the worldwide blockchain market is anticipated to develop at a price of 45% to succeed in $34 billion by 2026, the corporate stated.

“With the transition to the metaverse, we at the moment are striving additional to strengthen and allow Web3 builders as they entry a number of international alternatives, incentives, and information on a single devoted platform,” Prasad added.

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