UAE-based metaverse startup MetaFi, has raised $3 million from DoublePeak Group, Maven Capital, OKX Blockdream Ventures, Megala Ventures, Magnus Capital, Legion Ventures, SL2 Capital, X21 Digital, Good Games Guild, MetaGaming Guild, Mintable Go! Fund, with participation from Athena Ventures.

Founded earlier this year by Matt Danilaitis, MetaFi provides a full suite of services related to decentralised finance (DeFi) and non-fungible tokens (NFT) across the metaverse, Gamefi, SocialFi, Web3.

Matt Danilaitis, Founder of MetaFi, said “Most trading platforms compete with nearly identical products. MetaFi reimagines the trader’s experience: making trading fun, engaging, and social. With the Trading World, MetaFi will aggregate major decentralized protocols with deep liquidity, wrapped in a new gamified trading environment, designed to be a seamless onramp for non-crypto audience. We are grateful for the support from our strategic partners as we bring Web3 asset trading to the masses.”

MetaFi will use the funding to build its first core product, the Trading Metaverse, a new kind of social trading experience governed by its users. Over 90,000 people are waitlisted for the platform launch later this year.

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