London, UK – May 16, 2023 – nChain today announces its partnership with Planetary, a new generation mobile app that combines a social media layer with a metaverse platform. nChain is investing a value of £2,500,000 in new shares worth 25% of equity at a post-money valuation of £10,000,000 to drive adoption of Planetary’s solution.
Planetary is a 3D virtual world where people can meet, work and play fully functional metaverse. Users can create personalized avatars, immerse themselves in 3D worlds, host live events and monetize their online presence – all on one platform.
Influencers and brands can create and share immersive content that they can monetize on a social level while also participating in the metaverse. Added the ability for users to build their own space in the metaverse and play an active role in managing the development of new “planets”. The fully customizable land allows users to organize live events, sell tickets and attend conferences and trade shows.
Planetary wants to integrate NFT communities and offer its users a new Play2earn model. The app comes with innovative features like customizable virtual rooms and various monetization options that bring new revenue opportunities to the developers.
“The Metaverse is definitely the future and the Planetary Metaverse is the near future.” Our main goal is to create a new generation of social media. With the support of nChain, we aim to challenge the largest social media companies by providing user-friendly social media based on BSV Chain technology with 3D virtual reality,” said Jakub Kobosko, CEO of Planetary.
Leveraging nChain’s robust Web3 and blockchain IP portfolio, the partnership will increase Planetary’s platform capabilities. nChain will also support the development of the world’s first AI toolset that creates 3D spaces from photos and prompts to share experiences across the metaverse. Planetary grants nChain the right to appoint a director to the board. In return, nChain promises technology support services, marketing support, and help with fundraising.
Christen-Ager Hanssen, CEO of nChain Group, added: “This is an exciting addition to our evolving Web3 ecosystem. We connect the Web2 and Web3 worlds to create seamless and immersive experiences for users and brands. Together, Planetary and nChain are accelerating the transition to play-2-earn economies, which is what Web3 is all about.”
It is estimated that the Metaverse industry will be worth $13 trillion by 2030, with a market size of 5 billion users. The goal of this partnership is to create an accessible and seamless connection between social media and Metaverse experiences.
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