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Lumos Labs raises $1.1 million to create developer-centric metaverse

Lumos Labs raises $1.1 million to create developer-centric metaverse
28 May, 2022
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Lumos Labs, the firm which runs tech-based open innovation program, has launched a developer-centric metaverse platform where developers can learn, earn and explore developer-centric opportunities after raising over $1.1 million in a seed round.

According to Lumos Lab, it has curated a community of 60,000 developers and will now aim to create a unified builder identity by consolidating Web3.0 opportunities in the experiential format of a metaverse platform.

The seed round was led by Global Web3 venture fund Delta Blockchain Fund, and includes funding from venture capitalists including Superblock, Next Web Capital, Arcanum Capital, AG Build, Paradigm Shift Capital and multiple eminent angel investors from the Web3 ecosystem.

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The firm said that the two big roadblocks that the ecosystem faces in its growth trajectory includes the availability of proficient Web3 developers and the need for an organised, chain agnostic platform to aggregate and allow developers to upskill.

It further said that the Lumos Metaverse addresses this pertinent challenge for developers by bringing all the leading players in the Web3 ecosystem under one umbrella in the metaverse platform allowing developers to explore different opportunities from these chains and foundations, and leverage their different programs to hone their Web3 skills. Effectively this creates a win-win situation for both entities in the ecosystem by building a shared community of Web3 developers to help chains and foundations with their developer relations. This metaverse creates a world where developers can interact, engage, build, and work within one holistic system.

“With this metaverse, developers will discover various Web3 opportunities to facilitate their easy entry into blockchain technology,” it added.

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“With the transition to the metaverse, we are now striving further to strengthen and enable Web3 developers as they access several global opportunities, incentives, and knowledge on a single dedicated platform,” said Kaavya Prasad, Founder, Lumos Labs.

“The Web3 space is growing exponentially, and the biggest bottleneck is the lack of qualified developers across various L1 and L2ecosystems. The incredible work by Lumos Labs in identifying the imbalance in the demand and supply of developers in this ecosystem is what attracted us towards them. Delta blockchain fund is excited to join hands with Kaavya and the team as they take the leap to build a developer focused metaverse that aims to upskill and organise this fragmented market with an unmatchable experience for developers from learning, building communities and finding their purpose with a unique experience in Lumos’s Metaverse,” said Kavita Gupta, Founder, Delta Blockchain Fund.