A16z invested in a platform of avatars for the metaverse Wolf3D Standing behind the platform Ready Player Me Wolf3D closed the round of Series B for $56 million. It was headed by Andreessen Horowitz (a16z).
a16z invested in the Wolf3D project
Funding was also provided by Konvoy Ventures, Collab Currency, Plural Platform, Hartbeat Ventures, Roblox co-founder David Bassuki and Twitch co-founder Justin Kahn.
Ready Player Me x @a16z
— Ready Player Me (@readyplayerme) August 23, 2022
➥ Start-up plans to double the number of specialists between now and the end of the year – from 50 to 100.
➥ Wolf3D has a history of creating avatars for Tencent, Wargaming, Huawei, Verizon and HTC.
➥ To create a face database for Ready Player Me, the company has scanned over 20,000 people with about 100 cameras.
➥ Users can create avatars for free on the platform, and developers – embed Ready Player Me into apps and free of charge to prepare for use. There are 3,252 start-up customers, including VRChat, Spatial, Hiber, Pixelynx, Adidas, RTFKT and Dior.
Speaking with The Block CEO Wolf3D Timmy Toke said the next step will be to create «content tools» for avatars – accessories.
«Any individual artist can participate, create assets and sell them on the open market», he explained.
Toke claims that Ready Player Me makes money from the selling of gambling assets through partners.