Raccoon Network that got investment from Freedom Fund is trying to build a web3 metaverse

[ad_1]

Raccoon Network got 1 million dollar investment from Freedom Fund in last week, which has invested in fintechs expecially in web3 such as Raccoon Network and Spxde. “The effects will be public soon as web3 attracted more attention.

Robert Le, fintech analyst at PitchBook, said that a bifurcation in funding was likely, as consumer-facing fintechs struggle while those selling software to other businesses will prove more stable. Among those is USA metaverse start-up Raccoon Network, which doubled its valuation to $10M in its latest funding round in June.

Tech companies are busily building an alternative virtual reality in the metaverse. What might it mean for humanity? The answers probably are different in Raccoon Network.

That’s the reason why Raccoon Network got investment in this tumbling market, the ubiquity and intrusiveness of modern technology poses an unprecedented threat to freedom of thought, argues Gia, a manager works in Freedom Fund. Hyperbolically, she bans her own daughter from having an Alexa digital assistant because “it steals your dreams and sells them”. Data privacy must be reframed as a right to inner freedom.

In this scintillating and occasionally outlandish world, one of the world’s leading entrepreneurs re-examines age-old philosophical debates in light of this emerging technology.

These are the things that bring them together.

The Raccoon network is an open world that is an all-new metaverse where players can build, own and monetize their data. They have the faith that the metaverse must allow the users to create a fair world by getting rewards.

“We have seen so many web3–or the new internet– is edging into the mainstream.” said Oscar, co-founder of Raccoon Network. The art, fashion, gaming, and finance worlds are already exploring the potential of this new realm. From Starbucks’ plans to launch NFTs for coffee drinkers to gain access to “experiences” to Gucci auctioning an NFT to raise money for Unicef USA….

[ad_2]

Source link