Fantico CEO Abhayanand Singh
Fantico, a premium licensed digital collectible platform, has raised an undisclosed sum in a private financing round from Hong Kong-based tech unicorn Animoca Brands.
Individuals, including Hemant Tucker, segment head for technopreneurs and market head (South Asia & Middle East) at Bank of Singapore, also joined the round.
The capital will be used to build a platform for creators, designers, developers and enthusiasts to launch its own metaverse, besides creating NFT assets and accessing several pre-populated world elements.
Fantico is a digital collectible platform catering to celebrated movies, artists, musicians, and sports for the Indian market. A portfolio company of Singapore-based diversified media and entertainment firm Vistas Media Capital, it builds its own version of metaverse, dubbed VistaVerse.
VistaVerse consists of virtual land, blockchain games, curated and user-generated experiences, and an NFT marketplace. It will be launched in the coming months with premium curated experiences, including from top Indian celebrities.
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The marketplace has already been launched, focusing on both crypto and non-crypto user bases with marquee items to pique the interests of both segments.
The metaverse firm will leverage the parent company’s content, such as movies, music, and gaming resources, to build an experience-first approach.
Dhruv Saxena, chief strategy officer, Vistas Media Capital, said: “We want to leverage the appeal of Web 3.0 and gamefi to make it relatable to those new to the space and build this out responsibly.”
Yat Siu, executive chairman and co-founder of Animoca Brands, commented: “Our goal is the creation of an open metaverse that is also culturally diverse and inclusive. Fantico, armed with the legacy of Vistas Media Capital and its portfolio companies, will be able to draw on a wealth of Indian culture that will enrich the broader metaverse ecosystem.”
Vistas Media Capital is a Singapore-based content media and entertainment investment holding company. Its key businesses include content production and distribution across films and series — from India (across languages) to Hollywood, animation and VFX, gaming, media-tech, OTT platform, live entertainment events and digital media marketing.
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