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Dubai Start-Up Rekt Studios Raises $1.5M As It Plans to Launch Its First Gaming Metaverse

Dubai-based technology start-up Rekt Studios has raised $1.5 million in a new funding round from blockchain and Web3 venture capital firm Cypher Capital, as the start-up aims to launch its first gaming metaverse.

Called Unseen, the project will allow producers to create games, experiences, metaverse buildings and digital assets, the company said on Thursday. The ecosystem will also offer opportunities for users to invest, create, sell and buy digital assets and experiences, the company said.

Founded last year, Rekt Studios specialises in using blockchain and emerging technology to create new products and provide consulting and implementation services. It focuses on creating immersive and interactive Web3 games, experiences and virtual environments. Unseen is an “immersive fully interoperable decentralised virtual ecosystem” that will be centred on gaming, entertainment, and real-world utility.（BY Alkesh Sharma）

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