A Zug, Switzerland-based startup called Style Protocol has raised $2.5 million in seed money to convert NFTs into 3D assets.
Investors
- Morningstar Ventures
- Dutch Crypto Investors
- GBV Capital
- Protocol Labs
- Alpha Ventures
Use of funds
The money will be used by the business to increase operations and development initiatives.
Leo Hilse founded STYLE with the goal of assisting gamers in transcending identity throughout the multiverse. As a result, virtual assets like as NFTs may be utilized in any game, anyplace. The interoperability of the protocol is intended to improve player experience, increase acceptance, and reduce entry barriers. The Polkadot platform is expanded upon.
“We’re so early in the metaverse and virtual reality space. Although only a small number of people can now afford them, expensive VR headsets are about to become widely available. A major obstacle to adoption that STYLE Protocol is addressing before it becomes a problem is ensuring that any in-game object or NFT may go across virtual worlds in the same way as a gamer seated in their living room. Rare products require hours of talent or a substantial financial investment, therefore we want to make sure players receive value for their money by allowing them to carry their purchases with them everywhere they go.”
Leo Hilse
About STYLE Protocol
STYLE Protocol is a decentralized infrastructure to enable licensing and interoperability of assets and NFTs across any virtual environment.
