Improbable Ltd., a virtual world simulation firm, said today that it has received $150 million in additional investment to launch a new project that would allow companies to develop distributed blockchain-enabled virtual worlds dubbed M2.
Companies and inventors may now construct their own interoperable metaverse products that link virtual worlds using the new technology, which goes by the name “MSquared.” Token economies and distributed apps may be built on the decentralized web using Web3 capabilities, which employ blockchains.
Andreessen Horowitz and SoftBank Vision Fund 2 led the fundraising round, which also included Ethereal Ventures, Mirana Ventures, SIG, and CMT Digital, as well as other Web3 and blockchain investors.
Improbable was founded in 2012 and is most known for inventing SpatialOS, a virtual-world operating system that allows for intricate simulations. More than $750 million in cash has been raised by the firm so far, including this latest round of investment.
Last year, the business unveiled Morpheus, a new technology. More than 10,000 people may be accommodated in a single virtual location. Game maps like “Fortnite” and “Call of Duty: Modern Warfare,” for example, have a maximum player capacity of 100.
For more than a decade, Improbable has been developing technology that allows virtual worlds to become increasingly more sophisticated.
The firm is a prominent supplier of multiplayer services to over 60 worldwide publishers and supports the UK government’s defense mission via its large-scale simulation platform.
More than 10,000 players can interact with one another in dense virtual areas thanks to the Morpheus technology developed by the business, an extension of SpatialOS.
In 2021, the technology was first showcased at real events with hundreds of participants and presently handles over 350 million communication operations per second. Improbable announced its metaverse metamorphosis in January 2022.