Atmos Labs secured $11M for Metaverse Esports Game

Atmos Labs Inc, a Chicago-based play and earn metaverse developer, has now secured $11 million in a seed funding round.

Atmos Labs was founded by Kevin Beauregard. It is advancing Atmos, a competition-based virtual world set in an expansive sci-fi universe and built to accelerate the advent of metaverse native sports.

 

It is building an immersive experience that will pair with conventional sports in a new virtual universe. Via NFTs, DeFi, and the principles of the emerging metaverse, Atmos players will not only play but actually own their teams, identities, moments, and gear.

Atmos Labs’ Founder and CEO Kevin Beauregard said. "People are going to congregate around the spectacle of competition in the metaverse just like they do in the physical world. We are building metaverse-native sports and entertainment — a category we believe will bring excitement and substance to the metaverse concept writ large."

Andrew Steinwold, the managing partner of co-lead investor Sfermion, said, "Atmos is delivering a refreshing blend of stunning aesthetics, competition, and a real digital economy, all while maintaining that commitment to the true ownership of in-world assets. The Atmos Labs founding team has brought together an incredibly talented group that one would expect for a company many times its age, from game design and mechanics to creative development."

The funding round was backed by the Sfermion with participation from the Collab+Currency, Animoca Brands, Redbeard Ventures, FBG Capital, Alumni Ventures, CoinGecko Ventures, GSR Markets Limited, UniX Gaming, Avocado Guild, and LD Capital.

The funding will be used to build the foundation of the virtual game world of Atmos, grow its community and expand the Atmos team, notes the announcement.