Genius Group’s Edtech Arm Geniusu Closes Metaverse Round At Us$250 Million Valuation
PRIVATEMay 11, 2022
Round Type
Funding Round
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Description
Genius Group (NYSE American: GNS) is pleased to announce that it’s Edtech arm, Singapore based GeniusU Ltd, has completed a seed round to support the development of its Genius Metaversity virtual learning plans, valuing the Edtech subsidiary at $250 million.
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Company Information
Company
Metaverse
Location
Tallinn, Harju Maakond, Estonia
About
This pre-seed fundraising round will help the company to kick off the project, entering strategic partnerships, onboarding more developers and also bringing more enthusiasts into the Metaverse space. The Estonian based company breaks down the development and subsequent public sale roadmap into several stages, starting from the seed sale which will launch in late April. A metaverse is a network of 3D virtual worlds focused on social connection, facilitated by the use of virtual and augmented reality headsets and Blockchain assets that would ensure the scarcity and immutability of in game assets.
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