MEET48 Secures New Funding Round on June 26, 2025

According to industry sources, MEET48 completed a new round of financing on June 26, 2025, with YZi Labs as the lead investor.MEET48 is an immersive intelligent social metaverse platform that integrates AI large language models and Web3 technology, primarily focusing on idol entertainment content, AI-driven media, and Web3 gaming. The project aims to build a next-generation digital entertainment ecosystem, offering users a distinctive social experience through innovative technologies.Notably, MEET48 experienced rapid growth in the first half of 2025. Its token, IDOL, was listed on major exchanges on June 11, 2025. Subsequently, in September 2025, the project initiated a token buyback and burn program, repurchasing 169,920,000 tokens (valued at approximately $6.68 million) and burning 23,472,000 tokens (valued at around $930,000). These measures demonstrate the team's confidence in the platform's long-term development and contribute to maintaining token value stability.Against the backdrop of rapid advancements in metaverse and AI technologies, MEET48's innovative model is poised to create new opportunities and drive transformation within the digital entertainment sector.