OneRare Raises Seed Fund To Create The Metaverse Of Food
Summary
The global metaverse market size reached $47.69 Bn in 2020 and is expected to reach $828.95 Bn in 2028 The startup will use some of the freshly-infused capital to partner with celebrity chefs, restaurants and F&B brands OneRare is developing a world where users can produce non-fungible token (NFT) ingredients, sell them on a marketplace, make NFT recipes using the ingredients and play mini games Delhi-based blockchain startup OneRare which is building a ‘food metaverse’ has raised $2 Mn in seed funding from angel investors and investment funds. The startup is also backed by notable angels from the blockchain space including Sebastian Borget (The Sandbox), Sandeep Nailwal (Polygon), Nischal Shetty (WazirX), Shashwat Gupta (Altcoin Buzz), Tarun Jaswani (Unbound Finance), Prakash Somasundaram (Enjinstarter), Edmond Truong (Formation Fi), Tamar Menteshashvili (Solana), Abhinav Sarangi (LEGO Games) and Ravindra Kumar (Frontier) among others. The project aims to create a global reach for the F&B Industry, partnering with celebrity chefs, restaurants and food brands. OneRare will use the freshly raised capital for expansion of its team, product development and expanding the scope of the foodverse. With this, Haasan joins the likes of Amitabh Bachchan, Sunny Leone, and Salman Khan who have entered the Indian NFT market in various capacities.