Portals raises $5 Million to build upon their metaverse
Portals has been on a roll, the project came out with a very fair launch price and the floor has seen constant growth with a current 79.50 SOL ($7,610 USD)price point for its low tier “ivory” entry. The high leveled “vision” tier already has an entry point that normal consumers probably wouldn't have a chance of purchasing at 2100 SOL( $201,033 USD).
There are a lot of metaverse projects on the horizon and including Decentraland, and The Sandbox. Both of those projects are on the Ethereum chain but Portals is Solana-based. Recently Portals has received $5 Million in funding from seed funding led by Greylock to further its metaverse plans. The seed funding round was led by Greylock which was also joined by Multicoin Capital, Solana Ventures, Alameda Research, Sino Global Capital, The Chainsmokers’ Mantis VC firm, and Justin Kan-co-founder of streaming video site Twitch and new gaming NFT marketplace Fractal.
The creators of Portals plan to use the fund to build upon their team and develop more of their metaverse plans which include a downtown center in the metaverse and enhanced tools for creators to build upon and make more space in the Portals metaverse. Portals is known for its functionality of letting the users build upon their spaces in the way they see fit and create a space that builds upon their own design or brand much in the way FTX and Binance are doing with their spaces.
With this new influx of investment holders can expect to see great things coming in the future for the Portals community and their purchases of the NFT passes to once again gain in value.