ChainCatcher news, the People's Government of Jiading District, Shanghai, issued the "Action Plan for Further Promoting New Infrastructure Construction in Jiading District (2024-2026)." It mentions the construction of metaverse infrastructure. Relying on positions such as Yuanchuang Bay and Nanxiang Game Valley, it will comprehensively apply metaverse technologies such as AIGC, three-dimensional digital space, virtual digital humans, AR/VR, and blockchain to create interactive, scenario-based, and immersive metaverse demonstration application scenarios. It supports the empowerment of the automotive industry by metaverse technology, focusing on sub-sectors like "Metaverse + Smart Cockpit" and "Metaverse + Smart Manufacturing," concentrating on technology research and development, scenario creation, and technology transformation to establish benchmarks and models for the automotive metaverse industry. Relying on the "Aishang Jiading" digital display and promotion platform, it promotes the digital service supply of cultural and tourism venues such as public libraries, museums, and scenic spots. It encourages multiple entities to participate in the construction of the Shanghai cultural data service platform, supports industry entities to legally carry out data collection and processing, and guides the sharing and utilization of data resources.

ChainCatcher news, KuCoin Labs announced a strategic investment in DeMR, a Solana-based MR metaverse infrastructure.It is reported that DeMR is a decentralized mixed reality (MR) infrastructure network (MR-DePIN) built on the Solana chain.

ChainCatcher news, metaverse infrastructure developer Hadean has received strategic investment from Yuga Labs. This round of financing will support Hadean in establishing a team in the United States to assist Yuga Labs in researching a technology stack that can support large-scale concurrency.According to the crypto data platform Rootdata, Hadean completed a $5 million A1 round of financing in March this year.

ChainCatcher news, AI metaverse startup Futureverse has completed a $54 million Series A funding round, led by 10T Holdings, with other investors including Ripple Labs, Futureverse co-founders Aaron McDonald and Shara Senderoff, among others.It is reported that Futureverse was formed by the merger of 11 different companies from the fields of blockchain, artificial intelligence, virtual universe, and gaming, starting with the merger of eight companies at the end of 2022, followed by the addition of three more companies.

ChainCatcher news, London-based metaverse infrastructure provider MetaGravity has completed a $9.5 million seed round financing, with participation from Sino Global, Spartan Group LLC, Market One Capital, and others. MetaGravity will use the funds to expand its engineering and product teams to develop the infrastructure layer needed to support future large-scale virtual universe experiences.MetaGravity was founded by Rashid Mansoor (CEO) and Tobin Ireland (CBO) and is building distributed computing infrastructure for metaverse gaming and virtual world simulations. (source link)

ChainCatcher message, the first session of the "Zhen" series events hosted by ChainCatcher was held today in Hong Kong, with the theme of "Chinese builders" and a new aesthetic perspective. Jack Kong, founder of the metaverse chip manufacturer [Nano Labs](https://www.rootdata.com/zh/Projects/detail/Nano Labs?k=MzU0NQ==) and director of Hong Kong Cyberport Management Company, delivered a speech titled "The Singularity of the Metaverse is Approaching, and It's the Right Time for Web3 Entrepreneurship."Jack Kong stated that with the integration of the new generation of AI technology and Web3, the current challenges faced in the development of the metaverse, such as high entry barriers, limited scenarios, scarcity of digital assets, high development and operational costs, and lack of support for large-scale concurrency, are being resolved one by one.iPollo, a subsidiary of Nano Labs, is committed to making metaverse development simpler than DeFi development through the integration of multiple technologies such as AIGC, AR+, and Web3D, allowing users to have a better user experience than Web2.In addition, Jack Kong shared the three laws of the metaverse proposed by Nano Labs, which state that the network value of the metaverse is at least proportional to the cube of the number of network users; the total network value of the metaverse is the sum of the values of each layer of the network; and all marginal users in the metaverse will receive corresponding network value. (Event photo live stream)

ChainCatcher news, according to VentureBeat, metaverse infrastructure developer Hadean announced today that it has raised an additional $5 million in funding to build its metaverse infrastructure solutions. The new funding expands the company's previous Series A round, in which it raised $30 million last September.Reportedly, the investors in this round of financing include Ericsson Ventures, Metrea Discovery, VU Venture Partners, Sanctor Capital, and Tirta Ventures. (source link)

ChainCatcher news, metaverse infrastructure company Worlds has completed a $21 million Series A funding round, led by Moneta Ventures, with participation from Align Capital, Green Park & Golf Ventures, Chevron Technology Ventures, Piva Capital, PerotJain, and Capital Factory.It is reported that Worlds, formerly known as Hypergiant Sensory Sciences, went public in August 2021, with clients including Chevron and Petronas. The company is currently integrating IoT sensors, personnel, and processes in a digital twin format to help industrial enterprises monitor their supply and logistics processes. The new funding will be used to continue developing the company's AI platform, bringing AI-based automation to the underlying operations of large industrial companies. (source link)

ChainCatcher news, metaverse infrastructure company Element Black has completed a $6 million financing round, with participation from Central Research Capital, JKL Group, Aralern Capital, and others. This financing will mainly be used for the construction of Element.Black's token economy, the establishment of ecological organizations, and to encourage more original musicians to create music, promoting the development of the music platform MUSIC-INFINITY.It is reported that Element.Black is a company developing Social-Fi NFT games, dedicated to creating NFT 2.0/Create to earn, aiming to become a PUGC NFT issuance platform for the new era and serve as a bridge connecting Web2 traditional stars, the fashion industry, and Web3 NFT application socialization. (source link)

Chain Catcher news, metaverse infrastructure developer Hadean announced the completion of a $30 million Series A funding round, led by Molten Ventures, with participation from Epic Games, 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First, and InQTel. The funds from this round will be used by Hadean to build a secure, interoperable, and scalable metaverse infrastructure.It is reported that Hadean can provide metaverse capabilities for Epic's Unreal Engine and support technology for the popular game Fortnite. In addition, Hadean has also engaged in strategic partnerships with video game giants such as Sony and the parent company of Minecraft. (The Block)