Asva Labs Wins Strategic Investment from Polygon to Build a Metaverse-Based Launchpad
Asva Labs has secured a strategic investment from Polygon to build the first blockchain-based Metaverse Launchpad and accelerator. MetaLaunch, powered by Asva Labs, is a Multi-chain Launchpad for Gaming and Metaverse projects.
Initially built on the Polygon blockchain, MetaLaunch is a multi-chain launchpad specifically dedicated to serving the top tier metaverse projects. The MetaLaunch project facilitates a platform to foster innovation in the metaverse by allowing projects to raise capital through Initial Metaverse Offering (IMO) and Initial Game Offering (IGO). The launchpad paves the pathway for highly-vetted metaverse projects to enable innovation and secure infrastructure.
Asva Labs will utilize the funds acquired from Polygon to expand its product horizon and increase the breadth of the ecosystem by facilitating metaverse-based projects with a unique mechanism to raise funds.
Why is MetaLaunch built on the Polygon network?
Polygon, formerly known as the Matic, is an interoperability full stack scaling solutions for creating Ethereum-compatible blockchains. Through full-stack scaling solutions, blockchains can scale much more effectively leading to faster transaction speed and lower fees.
Fueling the Interoperable Web3.0, the Asva Labs ecosystem is aimed at reshaping the crypto funding framework and changing the landscape of digital ownership. MetaLaunch, one of the products of Asva Labs ecosystem, will set a benchmark for the metaverse and GameFi ecosystem.
Metaverse comprises a virtual world for people to interact and transact. Users require scalable low-gas blockchains that are interoperable and cross-p2p to interact with one another efficiently. The interoperable full-stack scaling solution of Polygon complements Asva Labs’ metaverse launchpad.
MetaLaunch — Metaverse and GameFi Launchpad
The launchpad aims to discover metaverse & gaming startups with a distinct perspective and solid business plan. It also seeks to develop a high-level vetting process for the community to access secure projects in the metaverse ecosystem.
One of the integral product features of MetaLaunch called the Metaverse Virtual 3D Marketplace is designed to support the worldwide metaverse movement will host the Initial NFT Offering (INO) from virtual assets sales, in-game assets, and unique NFT drops extracted from Play-to-Earn, Play-to-Collaborate, Virtual Worlds, and other metaverse initiatives. New projects that are innovative and focused on the metaverse revolution will be featured on the marketplace. Additionally, interoperability will be supported by the marketplace, which is crucial to the metaverse’s long-term success.
The developers from Asva Labs have built the MetaLaunch product on the Polygon testnet. The product has already been tested several times. To increase the resilience of the product, the team stated that currently, a security audit is being performed by Hacken, a leading security consulting company specifically for blockchain projects. The MetaLaunch product is scheduled for its Mainnet Launch by December 2021.
In addition, Asva Labs is all set for its Token Generation Event (TGE) in the upcoming weeks. After a successful audit, it will unveil the on-ground experience of MetaLaunch, which will support metaverse and gaming projects. Asva Finance, a product of the Asva Labs ecosystem, is working on Metafield DeFi with functionalities that range from staking to liquidity mining.
“We welcome collaboration with Polygon on strategic investments, which has helped us advance our industry-leading MetaLaunch product. We’re moving forward to capitalize on the development of the metaverse through encounters with emerging metaverse startups and play to earn market share.”
- Mallikarjuna Naidu, CEO of Asva Labs.
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
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ABOUT ASVA LABS
Asva Labs is an innovation lab that catalyzes the Web 3.0 revolution through interoperable, decentralized applications. The ecosystem includes Asva Finance, a premier multi-chain DeFi aggregation engine that routes the best yields on money market services by integrating top DeFi protocols and MetaLaunch, the first multi-chain launchpad and accelerator dedicated to metaverse and blockchain gaming projects.
Fueling the interoperable Web 3.0
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