Friday, September 30, 2022

Animoca Brands Invests In Singapore Based Fantico To Build Vistaverse, The First Indian Metaverse

Fantico Pte Ltd , a premium licensed digital collectible platform, raised an undisclosed sum in a private round from Animoca Brands and private investors across Asia including Hemant Tucker, Segment Head for Technopreneurs and Market Head for South Asia & Middle East, Bank of Singapore.

VistaVerse, the metaverse to be launched by Fantico, will consist of virtual land, a series of blockchain games, curated and user-generated experiences, and its NFT marketplace. Fantico has already launched the marketplace, which is the first NFT platform to launch both physical and digital collectibles, focusing on both crypto and non-crypto user bases with marquee items to pique interests of both segments. In parallel, Fantico has been building out its metaverse VistaVerse, which it will launch in the coming months with premium curated experiences including from top Indian celebrities. As a portfolio company of Singapore-based Vistas Media Capital – a parent company that has diversified into media and entertainment – Fantico will leverage its content such as movies, music, and gaming resources to build with an experience-first approach.

Animoca Brands is a global leader in gamification and blockchain with a large portfolio of over 100 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse.

The raise announced today will be used to build a platform for creators, designers, developers and enthusiasts to launch their own metaverse and NFT assets and access several pre-populated world elements. The platform also has broader tie-ins with media and entertainment projects and businesses across Asia.

Abhayanand Singh, CEO, Fantico, commented, “We are proud and enthused about the future of entertainment that can be built here. The teams at Fantico and Vistas Media Capital, along with its investors, are excited to build out this new medium in an accessible and meaningful way.”

Dhruv Saxena, Chief Strategy Officer, Vistas Media Capital, added, “Our team is relentlessly focussed on crafting the best for creators and users simultaneously. 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, Animoca Brands said, “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. We are very happy to see the transition of media companies to Web 3.0.”

About Fantico: Fantico, India’s premium licensed digital collectible platform, caters to fields across celebrated movies, artists, musicians, and sports for the Indian market. The curated marketplace is one of the components of VistaVerse, the larger metaverse that Fantico is building and that, will offer virtual land, curated and user generated experiences, and blockchain games.

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