ONSTON, a cryptocurrency project building metaverse platform and NFT marketplace using blockchain technology, announced its $1 million Series A raise led by ONSTON’s various VC partners. The participants included Inazuma Capital, NewTribe Capital, Magnet Ventures, NFVentures, and CatcherVC.
ONSTON will use the funding to develop its functionality to facilitate NFT Marketplace, 3D virtual world, and onboarding games in VR LABS and build all services integrated metaverse ecosystem. With the project roadmap set for 2022, ONSTON seeks to be the underlying infrastructure necessary for its metaverse platform to thrive.
The investment will also allow ONSTON to continue to hire the best talent in the industry and further invest in NFT assets for its platform users.
With blockchain technology, ONSTON will concentrate on ONSTON Metaverse Platform and NFT Marketplace development. ONSTON also has plans to further scale its development throughout 2022. In addition, through its partnerships with various blockchain-related companies, ONSTON will soon offer a wide array of NFT items and P2E games on its platform, allowing platform users and NFT investors to be connected and capitalize on the expanding ecosystem.
ONSTON recently onboarded Flora Fang, a current COO at Highstreet, a Metaverse retail service, and managing partner at Avalanche, the fastest smart contracts platform, as its project advisor to direct the ONSTON project.
Further announcements regarding the development of the full functionality of ONSTON will be available through its official channels.