Eikonikos seeks to cash in Dubai govt’s new law for digital asset sector

Eikonikos seeks to cash in Dubai govt’s new law for digital asset sector

The open world metaverse startup that was set up in 2017 in the UAE plans to expand its footprint in other five GCC countries.

Published: Fri 25 Mar 2022, 7:43 PM Last updated: Fri 25 Mar 2022, 7:46 PM

Eikonikos, an open world metaverse startup that was set up in the UAE in 2017, has raised $2 (Dh7.35) million in pre-seed funding by angel investors. Eikonikos envisions creating an open metaverse platform that is owned by Web3 followers, developers, and a growing community of players. Nearly a dozen investors, including block chain players, took part in the round.

The current pre-seed fundraising round would help the company to extend its ecosystem, bringing more fans into the digital realm.

Eikonikos was founded with the goal of creating a joyful and exciting open metaverse. The metaverse does have real promise. It could be used for training simulations, technical assistance, and immersive video chat. It could revolutionise education, gaming, and business. Virtual reality (VR) amplifies real-life experiences, all of which remains philosophically and technologically resolved by Eikonikos.

The company is in the process of issuing digital assets for investment as it gears up for commercial launch in May 2022, when its valuation will jump.

The timing could not have