Condense fundraised $4.5 million aimed to develop 3D IRL events in the Metaverse. The firm trusts the new technology will open new possibilities of content creation with real time connections.
a seed funding round to continue the development of 3D live streaming technology. Condense raised $4.5 million in a round led by LocalGlobe, 7percent Ventures and Deeptech Labs.
The technology employed by Condense live streams 3D videos into the Metaverse via games and existing platforms. The firm states that such technology has the potential to createAdditionally, Condense had participation from angel investors and music industry insiders such as English footballer and platinum-selling artist Tom Blomfield and music manager Grace Ladoja.
Funding from this round will go toward relationship building with content creators, artists, labels and existing Metaverse platforms. The underlying technology of Condense utilizes, “cutting-edge computer vision, machine learning and proprietary streaming infrastructure to capture and embed live 3D video .” This live video experience is then streamed into metaverse games, mobile applications or platformsThe 3D aspect of these live streamed events will allow a unique and dynamic perspective for every player simulating a physical live event.
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