HomeNewsCryptocurrencyThe Initial Metaverse Offering: A New Class of Fundraising

The Initial Metaverse Offering: A New Class of Fundraising

Photo by Brooke Cagle on Unsplash

The ICO took the world by storm in 2017, coming to surpass even Venture Capital as the most popular method of startup fundraising for blockchain projects. But what’s next? Metaverse startup integrator Limitless may have the answer with their Security Token Offering (STO).

With the launch of Limitless, co-CEOs Mike Vitez and David Taylor are positioned to help hundreds of startups establish themselves in the metaverse. Limitless is a platform as a service (PaaS) that provides a suite of products and services to incubate and maximize startups’ endeavors in the metaverse.

Their Security Token will therefore be driven by the success of the metaverse projects they launch. With 300 projects in the pipeline for the next 5-7 years, they are planning to create a new wave of startups and generate the critical mass needed to make the metaverse a success.

This is an ambitious undertaking, but one that could pay off handsomely for early investors. So if you’re looking for the next big thing in blockchain investing, keep an eye on Limitless, their STO, and a new wave of “Initial Metaverse Offerings.”

Why the Metaverse Will Be The Hottest Place to Launch

Mike Vitez, co-CEO of Limitless, believes that the metaverse is the natural evolution of the internet, and will soon become the new standard for online interactions. Vitez explains that 

“Metaverses are going to be the new kind of Internet because of their decentralized nature.” This decentralized structure is key to the success of the metaverse. Unlike the current internet, which is controlled by a few major corporations, the metaverse will be open to anyone who wants to build in it.

Further, in order to enable greater collaboration, Vitez notes that “there will be many metaverses that users can access and use interoperably.” This interoperability is what will make the metaverse the most user-friendly online experience yet.

To add to that, co-CEO David Taylor believes that the metaverse is the perfect place for business. He states that 

“We’re in a race to create a digital human experience and naturally opposed to large corporations that have been trying to conquer the digital avatars of their users.”

So Why Launch in the Metaverse?

Vitez believes that “if we start from the assumption that metaverses are the new kind of Internet, we can see that there is a big need for a system like Limitless.” In other words, with the launch of Limitless, startups will have access to the resources they need to be successful in the metaverse.

These resources include money, people, and market. According to Vitez, if you’re a startup you will need these things: money, people and market. We will be the umbrella organization that can provide all of these things because we are an ecosystem player.”

In short, Limitless provides startups with everything they need to succeed in the metaverse. And with 300 new projects in the pipeline, they are well on their way to making the metaverse the hottest place to launch a startup.

JP Buntinx
JP Buntinx
JP Buntinx is passionate about cryptocurrencies, fintech, blockchain, and finance. He currently resides in Belgium.
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