“What if you could travel between many worlds, play and take your identity with you?” That’s the question being posed by Oorbit, an interactive entertainment metaverse company which has raised $5 (£3.8m) in a seed round of funding. The company’s investors include HOF Capital, Pixelynx (deadmau5) and Shark Tank investor Mark Cuban.
The company aims to use the funding to build its service (that’s scheduled to launch later this year) for connecting different virtual worlds, and act as a bridge for all metaverses. Users of Oorbit will have a unique digital identity with no downloads or extra hardware, other than the smart TV’s, computers and portables that they already own.
The team showed off their tech behind the scenes at last week’s Games Developer Conference with Beyond Games in attendance. And the results were certainly impressive, with a slick front end offering a range of entertainment incorporating gaming, video and music, all served up via multiple channels across a timeline of on-screen options. Mobile, portable, desktop or TV, Oorbit have got you covered.
Where metaverse, meets blockchain, streaming, NFTs and more…
Ash Koosha, CEO and co-founder of Oorbit stated, “Oorbit is demystifying the major technologies that will play the biggest role in the growth of Web3 and the metaverse; blockchain, cloud streaming, NFTs, fintech and more. We are combining the best parts of these complex technologies to enable episodic entertainment that is not just incredible but also approachable, for all audiences.”
Ash and Pooya Koosha founded the London-based Oorbit as it looks to provide service for the highly talked-about but yet-to-be-built metaverse. A digital world which behemoth companies like Facebook are already betting their reputations on and spending heavily as the future of the internet.
Investor and entrepreneur Mark Cuban said, “As the metaverse moves from our imaginations into actual entertainment, experiences and products, Oorbit’s founders have created an innovative platform where developers, publishers and brands can create and more easily deliver their most compelling work.”
Already a hit with big name investors
HOF Capital, is a venture capital firm with more than $1 billion in assets under management. Corby Pryor from HOF Capital stated, “The key as an investor is identifying the team that can take an ambitious vision and deliver on it. That is Oorbit: great vision with the core ability to execute.”
It’s certainly off to a very slick start with the team’s GDC mission being to attract developers and partners to their platform in order to produce a compelling launch line up of entertainment. Exact launch date and pricing for their offering are TBC but we’re watching this space with interest.