4 years ago

HyperSpace Secures $11M to Build Blockchain-Enabled Entertainment Parks in Dubai

  • Dubai-based HyperSpace, a company building blockchain-enabled and XR-native physical attractions, has raised $11 million in a seed funding round

  • The round was led by Introsight and Dubai financier Mohammed Afkhami, with participation from investors including GoPuff founders and Bolur Capital

  • The funding will be used to develop immersive entertainment attractions, combining physical spaces with real-time connectivity to digital worlds

  • HyperSpace plans to open two entertainment parks in Dubai in the second half of 2022.

      • ProblemTechnology

      "The article doesn't explicitly state a specific problem, but it's implied to be the gap in immersive entertainment experiences for a social media and metaverse generation."

      Solution

      "HyperSpace's solution is creating immersive entertainment attractions that combine physical spaces with real-time connectivity to digital worlds, using blockchain and Extended Reality technology."

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