UAE’s MetaFi raises $3 million in capital

UAE-based startup MetaFi recently garnered $3M in funding from DoublePeak Group, Maven Capital, OKX Blockdream Ventures, Megala Ventures, Magnus Capital, Legion Ventures, SL2 Capital, X21 Digital, Good Games Guild, MetaGaming Guild, Mintable Go! Fund, and Athena Ventures. Matt Danilaitis founded MetaFi earlier this year, and it delivers a full range of services for non-fungible tokens (NFT) and decentralized finance (DeFi) spanning the metaverse, Gamefi, SocialFi, and Web3.

MetaFi will apply the investment to develop the Trading Metaverse, a brand-new type of user-controlled social trading platform which will be the company’s first key product. MetaFi’s founder, Matt Danilaitis, remarked the following.

“Most trading platforms compete with nearly identical products. MetaFi reimagines the trader’s experience: making trading fun, engaging, and social. With the Trading World, MetaFi will aggregate major decentralized protocols with deep liquidity, wrapped in a new gamified trading environment, designed to be a seamless onramp for the non-crypto audiences. We are grateful for the support from our strategic partners as we bring Web3 asset trading to the masses.”

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