Redbrick raises $13.7 million in Series B investment to develop its Web3 ecosystem
Red Brick has garnered a total of $17.8 million in investments so far
Redbrick, a metaverse creative platform, presented its vision for Web 3.0 and disclosed that it has raised $13.7 million in Series B funding. Aion Asset Management, YG Investment, F&F Partners, an established investment firm, and NH Investment & Securities served as the investment’s lead organisers. Red Brick has garnered a total of $17.8 million in investments so far.
Through this investment attraction, Redbrick hopes to hasten the development of an ecosystem for the web 3.0 creative economy. With PlayDapp, a blockchain technology company with which Redbrick entered into a collaboration in May, an NFT marketplace is being developed.
In addition, Redbrick’s works will be adapted to function on IPX’s digital character IP creation platform, “FRENZ (Friends)” through a strategic partnership with IPX (previously Line Friends), a digital IP entertainment firm.
“Redbrick is a fast-growing company with the goal of becoming a Web 3.0-based ‘Metaverse YouTube’. We decided to make this investment because the market has been formed and we can expect great growth.”
Seo Jae-young, managing director of NH Investment & Securities
Redbrick is creating a beautiful metaverse ecosystem
Redbrick, a company that was founded in 2018, is fostering metaverse creators by offering its own metaverse creation tools to promote metaverse production. Redbrick has developed a user code analysis system that makes use of patented AI and block coding technology to make it simple for anyone to build a metaverse world, even if they have no prior coding experience.
Another benefit is the ability to create a metaverse online without the need to download any additional software. Red Brick has more than 150,000 active creators as of July this year, and they had produced more than 480,000 pieces of content. The alpha generation uses creators on average at the age of 14.5 years old.
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