Breaking News
Dubai-based metaverse start-up Eikonikos raises US$2 million in pre-seed funding
Eikonikos, an open-world metaverse start-up, has raised $2 million in pre-seed funding by angel investors. Eikonikos envisions to create an open metaverse platform that is owned by Web3 followers, developers, and a growing community of players. Nearly a dozen investors, including block chain players, took part in the round.
The current pre-seed fundraising round would help the company to extend its ecosystem, bringing more fans into the digital realm.
Eikonikos was founded with the goal of creating a joyful and exciting open metaverse. The metaverse does have real promise. It could be used for training simulations, technical assistance, and immersive video chat. It could revolutionise education, gaming, and business. VR actually amplifies real-life experiences, all of that remains philosophically and technologically resolved by Eikonikos.
“We believe we are unique, and we have already begun to demonstrate that through our execution — the quality of our design, experience, platform design, and so on,” said Mohamed Vasif, Founder and CEO of Eikonikos.
The company is currently in the process of issuing digital assets for investment as it gears up for commercial launch in May 2022, when its valuation will jump.
The announcement comes a day after Dubai Government introduced new legislation for the digital asset sector, joining other global hubs in bringing the nascent sector under their regulatory purview.
“We are very determined to create a platform that directly competes and rivals metaverse giants like Decentraland and Sandbox,” said Vineeth, CMO and co-founder of Eikonikos. “We will be able to interact with other Metaverse economies in the future. Building a dedicated and crypto-native audience that likes our dope Non-Fungible Token (NFT) designs, intense gameplay.”
In addition to introducing Virtual Assets Law, Dubai Government also announced the creation of a new regulator in charge of digital assets. The newly formed Virtual Assets Regulatory Authority (VARA) will oversee the industry in all emirate’s special development and free zones, except the Dubai International Financial Centre which has its own independent regulatory and judicial system.
The project’s basic design envisions Eikonikos as a fully functional DAO led by the community and focused on providing high-quality experiences.
C.J, a partner at the angel investment firm, said, “As investors, we are primarily concerned with the product and the personnel behind it. Eikonikos has a top-tier metaverse product and is directed by a well-balanced crew, that promises to become a big global player in future.”
- Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns Read more
- WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance Read more
- AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico Read more
- Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering Read more
- United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize Read more
Introducing Onigiri Capital, a $50 Million Blockchain Investment Fund Bridging Global Innovation With Asia’s Institutional Markets
Saison Capital, the venture arm of Credit Saison, one of Japan’s largest non-bank financial companies listed on the Tokyo Stock Exchange, launches Onigiri Capital.
Transak and MetaMask Join Forces to Offer 1:1 Stablecoin Onramping and Named IBANs
Transak, the stablecoin payments infrastructure behind 450+ apps globally and MetaMask’s long-time fiat onboarding partner, is now exclusively powering stablecoin onramping through MetaMask’s Deposit button, including upcoming support for MetaMask USD (mUSD), the wallet’s newly launched native stablecoin. Starting today, September 15, MetaMask users in the US and EU will for the first time be able to purchase mUSD, as well as buy stablecoins like USDC and USDT at near 1:1 rates without leaving the app, using Transak’s white-label APIs and named IBAN capabilities.
The Smarter Web Company PLC Appoints Coinbase Institutional as a Custody Partner
The Smarter Web Company (AQUIS: SWC | OTCQB: TSWCF | FRA: 3M8), a London-listed technology company and the UK’s largest publicly traded company holding Bitcoin on its balance sheet, is pleased to announce the appointment of Coinbase Institutional as one of its Bitcoin custody partners. This partnership marks a significant step in strengthening the company’s treasury infrastructure and underlines its position as a market leader in the rapidly evolving Bitcoin ecosystem.
Cboe Europe Derivatives to Launch FLEX Options in Europe, Expanding Risk Management Toolkit for European Investors
Cboe Europe Derivatives (CEDX), a leading pan-European equity derivatives marketplace and part of Cboe Global Markets, Inc. (Cboe: CBOE), today announced at Cboe's 2025 Risk Management Conference in Munich, Germany, its plans to launch Cboe FLexible EXchange® options (FLEX options) in Europe, marking a significant step forward in providing tailored risk management tools for institutional investors across the region.
Openbank Launches Cryptocurrency Trading Service
Openbank, continues to expand its product offering by allowing customers to trade cryptocurrency
Bitget Opens 2026 Graduate Program to Build the Next Billion Minds
Bitget, the world’s leading cryptocurrency exchange and Web3 company, is opening applications for its 2026 Graduate Program, a global track under Bitget’s Blockchain4Youth initiative, recruiting next-generation talent from top universities and placing them directly into real Web3 workstreams.
MoonPay Acquires Meso Accelerating Its Transformation into a Global Payments Network
MoonPay, the global leader in crypto payments, announced the acquisition of Meso, a pioneer in bridging traditional finance and crypto. The move marks a major milestone in MoonPay’s evolution to a global payments network connecting banks, card networks, stablecoins and blockchains under a unified regulatory framework, including MTLs, BitLicenses, and MiCA approval.
Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns
More than half (59%) of Brits admit that they’ll use AI to help with their tax return
WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance
WorkFusion, a pioneer in AI agents for financial crime compliance (FCC), today announced it raised $45 million in funding.
AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico
How could AI agents search, compare and pay for things? What makes stablecoins a game-changer for cross-border digital commerce? Why are local Alternative Payment Methods (APMs) crucial for any business wanting to enter and scale in emerging markets?
Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering
Day two of Money20/20 Middle East in Riyadh brought together global leaders in fintech, banking, and financial services to discuss the future of money and finance in the region.
United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize
United Gulf Financial Services (UGFS North Africa), a leading venture capital firm offering innovative companies and startups with financial support and mentoring services, has announced a partnership with The Hashgraph Association, a Swiss non-profit organization driving global adoption of Hedera-powered solutions by funding innovation, training, certification, and venture building programs, and Exponential Science Foundation, a not-for-profit foundation accelerating responsible tech adoption, via research, education, and innovation activities, for Hedera Africa Hackathon 2025, the biggest hackathon in Africa aimed at enabling the next generation of Web developers and empower economic inclusion in Africa with a digital future for all.
Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents
Payhawk announced set of AI agents that complete everyday finance work as part of its product launch
Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants
Ant International will launch cross-border QR code payments between the Saudi Arabia’s (KSA) national payment scheme, mada, Alipay+, during 2026 to drive digitisation and inclusive growth for local merchants.