THE DAILY ENCRYPT

October 3, 2022

Epic Games Backs Funding Round for Tech Startup Hadean

Hadean, a developer of Metaverse infrastructure, raised $30 million in Series B funding. Epic Games was the creator of Fortnite....
epic games backs hadean
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Hadean, a developer of Metaverse infrastructure, raised $30 million in Series B funding. Epic Games was the creator of Fortnite. Molten Ventures and Alumni Ventures as well as InQTel, Molten Ventures, 2050 Capital and Aster Capital participated in the Series A funding. 

Hadean will create the infrastructure that Epic’s Unreal Engine can use to give metaverse capabilities, which underpins Fortnite.

Hadean, a developer of Metaverse infrastructure, raised \$30 million in Series B funding from Epic Games. Epic Games is the creator of Fortnite.

Hadean is a metaverse development firm creating virtual worlds

European investment firm Molten Ventures led this round, with 2050 Capital and Alumni Ventures, Aster Capitals, Entrepreneur First, Entrepreneur First, InQTel, and Aster Capital also supporting the project, Hadean stated in a press release.

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Hadean creates virtual worlds and will continue to build interoperable, secure and scalable metaverse infrastructure.

Marc Petit, vice-president of Epic’s Unreal Engine Ecosystem, stated that Hadean’s computing power would provide the infrastructure needed to create a scalable universe. “The technology of the company complements Epic’s Unreal Engine, enabling large numbers concurrent users and unlocking new tools and resources for creators and designers.”

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Unreal Engine can be used to create photorealistic 3D models for film, gaming, simulations, and many other purposes. This engine powers the popular video game Fortnite. It has over 80 million active users per month and 3 million online users at any one time, according to GamesRadar.

According to the company, Hadean also signed deals with other video game giants like Sony and the company behind Minecraft.

Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".
Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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