Edverse, one of the most promising educational startups and most sought-after metaverse initiatives, has raised $700,000 in its seed round.
The funding round was led by blufolioAG, Crypto Oasis Sentio, Vulcan Forged, TDeFi, Grizzly Capital and Encryptus.
With the first round of investment, the company plans to deliver on its promise to empower its four key stakeholders — learners, educators, promoters, and creators. It will also amplify its macro goal of decentralized and democratized education through the world’s most immersive, insightful and interactive educational metaverse.
Co-founded by Gautam Arjun and Yuvraj Krishan Sharma, Edverse provides a digital cosmos of interconnected and technology-driven learning, enabling students to enhance their education through immersive technology and hyper-personalize their learning journey. The platform functions on the ‘4E’ corollary of Engage, Enrich, Empower and Excel.
The pillars of Edverse are students, educators, makers and promoters. These stakeholders deeply bridge the ‘phygital’ divide and enable an ecosystem of boundless, interconnected learning. Learners are the new-age students who pursue subject knowledge, skills, and systemic improvements. The educators get the chance to exploit the largest repository of Ed-NFTs and empower generations of students. The creators on the platform will be able to sell Ed-NFTs on demand and become community certified, and last but not least, the promoters will have the opportunity to buy, sell and rent within Edverse land to support the establishment of institutions and the creation of learning spaces. to support.
It is an initiative of the team that has previously successfully collaborated with the giant global Pearson, delivering an avant-garde immersive learning experience to more than 200,000 learners.
Speaking of the company, Edverse co-founder and CEO Gautam Arjun said:
“What you see today as Edverse probably started a decade ago in terms of collecting ideas and developing them with the very latest technology available on the market at any given time. We are driven by the observation that the world is facing a learning crisis today Decentralization of education and democratization of access, thus putting an emphasis on the learners, is the way around this adversity And with great players on board Edverse is on the cusp of the achieving this global utopia.”
Edverse is led by the team, the only supplier of AR modules from India, trusted and partnered with Google.
The startup empowers those on the platform to share immersive learning experiences and upskill themselves in socially relevant contexts, as well as boost student motivation and retention through strategically developed learning paths. The students will also have a deep understanding of their level of understanding and learning through composite experiences.
Adding further about the platform, Edverse co-founder and CPO Yuvraj Krishan Sharma said:
“Edverse can power an unprecedented interaction infrastructure, and models like ‘Learn2Earn’ and ‘Wear2Earn’ open up a vast new horizon of opportunity for any sincere player within the education landscape.”
The company plans to empower stakeholders through an exponentially mutating Web3.0 empire with exclusive access to virtual properties, crypto marketplaces, material maestros and the world’s most expensive virtual library.
Edvesre goes further and also monitors 1.2 billion K-12 college students and 250 million college students pursuing higher education, with the groundbreaking research into the metaverse’s capabilities, and expects to improve their lives. It also plans to have 85 million educators and more than 20,000 accredited higher education institutions worldwide, and Edverse expects to empower them.
About the author
Author: Shalini Pathak
Shalini Pathak is a staff writer at EdTechReview (ETR) – India’s leading edtech media and community. She has more than four years of experience in the media, with different beats. Like all writers, she is first and foremost an avid reader with a passion for creating out-of-the-box content and the ability to write about any topic. As part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.
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