ID Planet
Web3 metaverse and L1 blockchain hub.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor | €0.0 | round | |
* | N/A | $80.0m | Series B |
| Total Funding | 000k | ||
ID Planet, founded in 2024 and based in New York City, is a company operating in the Web3 and metaverse gaming sector. The firm has established itself as a decentralized metaverse hub built on blockchain technology. The company's core mission is to construct a comprehensive metaverse ecosystem. This ecosystem is built upon its proprietary IDC20 blockchain, and includes centralized and decentralized exchanges, an ID multi-chain wallet, and a marketplace for non-fungible tokens (NFTs).
The company has demonstrated significant traction in securing capital, raising $35 million in a Series A round in early 2024, led by American Lin's Group with participation from JD Wealth and Accelerbyte Fund. This was followed by a substantial $80 million Series B funding round in July 2024, from a US-based investment firm, which is intended to accelerate the development and expansion of its Web3 ecosystem. This funding is earmarked for enhancing existing solutions and introducing new features.
ID Planet's business model is centered on creating a decentralized GameFi ecosystem where gaming, finance, and community interaction converge. It aims to provide a one-stop solution for gamers, game developers, and Web3 users. The platform supports developers by offering tools and infrastructure to build new gaming experiences, while also giving investors opportunities to engage with the GameFi market. A key component of their strategy is a "Play-and-Earn" model, allowing players to earn resources with real-world value. One of their highlighted games is "Cool Gods," a title that combines elements of first-person shooters and action games, built on the ID Planet Layer 1 EVM blockchain to ensure player ownership of in-game assets.
The platform's architecture leverages an EVM blockchain network to provide a decentralized gaming experience. Key features include centralized contract exchanges, decentralized exchanges (DEX), multi-chain wallets, and NFT integration, all designed to facilitate secure and transparent transactions across its gaming and NFT markets. The company plans to launch its main network and has a technical research and development team of nearly 200 people located in Japan, the United States, and Russia.
Keywords: Web3, metaverse, blockchain, GameFi, decentralized exchange, NFT marketplace, play-to-earn, EVM blockchain, digital assets, online gaming