Trace Network Secures $1.6 Million in Funding on June 16, 2021

According to media reports, Trace Network completed a $1.6 million funding round on June 16, 2021. This round saw participation from NGC Ventures, LD Capital, Spark Capital, Morningstar Ventures, GenBlock Capital, OKX Ventures, Lotus Capital, Spark Digital Capital, Moonrock Capital, and Blocksync Ventures. To date, Trace Network’s total funding has reached $1.6 million.Trace Network is a full-stack metaverse technology platform that provides enterprises and individuals with solutions for creating 3D experiences. All components of the platform are built natively on blockchain technology, including its pioneering Web3.0 native photorealistic BUDDY avatar system. The platform is often described as the "Shopify of the metaverse." It primarily serves fashion and lifestyle brands, as well as individual users, offering services such as the creation of experiential stores, events, and concerts.With the continued rise of the metaverse concept, Trace Network’s technological innovations are increasingly significant. By leveraging blockchain technology, the platform offers traditional businesses opportunities for digital transformation and opens new avenues for individual creators. This funding round will further support Trace Network’s technology development and market expansion, positioning it to play a key role in the rapidly evolving metaverse sector.