According to DigitalJournal, MetaVersusWorld, a Web3 metaverse start-up company, completed a $2 million seed round of financing, with participation from Alphabit Digital Currency Fund, Xeta Capital, Launchpool, Westridge Markets, NetZero Capital, XSquared Ventures, GBIC, Alpha Sigma Capital, and FBG Capital. The funds raised have been used in the development of the closed alpha product "Unreal Engine 5" deployed on Steam, which will be released in the fourth quarter of 2022. Foresight News noted that MetaVersusWorld develops a hyper-realistic and interactive virtual multiverse, mainly providing services such as Metaverse business, games and Web3 IP market expansion, and is also seeking an additional $3 million in financing.