For the second installment of the Somnium Space Creator Fund, the social VR platform is adapting the Dragons’ Den format! This means that start-ups and creators can pitch their business ideas LIVE to a panel of venture capitalists in the hope of securing an investment from them.
After the first successful 2021 Season, where we saw the best of Somnium Creators, the 2022 Season of Creators Fund is back! Application for pitches is now open. All you have to do is complete the online application form.
2022 Somnium Space Creator Fund
The total available funding has surpassed $1 Million thanks to the support of industry heavyweights like Polygon, Winklevoss Capital and Vinny Lingham. The initiative aims to create a place where participants can apply and win CUBEs (Somnium’s utility token) from investors. In addition, the official announcement describes the atmosphere as “Shark Tank meets Late Night Show in VR.”
In 2022, the team wants to take the Somnium Space Creator Fund to the next level by introducing the LIVE pitch element. So the participants would have to impress the investors’ panel from Somnium and partner companies involved.
Meanwhile, the platform will also showcase its VR capacity because all the action will happen inside Somnium Space. So all the deals and decision-making will happen right there! In addition, participants will have the opportunity of speaking in VR and build a relationship with the impressive backers. The recipients of the grants will have access to the best investors, mentors and community to develop their projects.
The first VR Pitch will take place in March. So follow Somnium Space’s social media channels and join their Discord to not miss precise dates and other important information.
About Somnium Space
Apart from building, Somnium Space landowners can also visit the creation of other players and interact with them. The developers have created Somnium Space with VR headsets in mind. However, players can also access the world through their desktop, laptop, or mobile devices.
Since its launch in 2017, the autonomous VR real-estate ownership and trading platform have advanced enough to compete with platforms like Decentraland and Second Life directly. Founder Sychov has extensive finance experience that’s why one of the platform’s edge is VR Asset Monetization. Simply put, it is every VR lover’s favorite metaverse!
The platform has its own utility token to support the ecosystem: Somnium Cube (CUBE). CUBE streamlines in-game transactions between players and functions like game tokens at an arcade. So as the Somnium Metaverse expands, the token will develop in-world utility and allow players to exist more deeply in the VR Metaverse.