Virtual reality education portal ENGAGE raises $ 10.7 million for its Oasis Metaverse for Business – Times of virtual reality

The company behind the social RV platform ENGAGE, VR Education Holdings, announced last week that it had raised $ 10.7 million, funding that will be used to expand the platform beyond the immersive areas of education and training to a new metaverse known as ENGAGE Oasis. This is presented as an upcoming social market-oriented social RV platform that offers a “full-featured corporate metaverse”.

ENGAGE

He Silicon Republic i Forbes reported that the Ireland-based company obtained the latest financing from several investors through a placement of shares, including Octopus Investment LTD UK. The new shares generated by the agreement would supposedly represent 20% of the ordinary share capital issued by the company prior to placement. VR Education Holdings is listed on the London Stock Exchange and the Dublin Stock Exchange.

In May 2020, the company also secured $ 3.3 million in funding from HTC for the expansion of Engage, its platform where educators and business customers can create bespoke virtual reality experiences. for small and large format events on various devices such as Oculus Quest, SteamVR headphones, Pico headphones and Vive Focus Plus. Just two months before this agreement was reached, Engage hosted HTC’s Virtual Vive Ecosystem Conference in response to the impact of the pandemic on face-to-face events.

Oasis is an ambitious metaverse project that aims to launch in the first half of 2022. It has been inspired by the eponymous metaverse of the novel and film Ready Player One and has been the platform for de facto virtual reality where users can find, play and do business. Oasis has been described as a platform that is a “permanent and fully persistent virtual world” in which ENGAGE customers can meet and sell their products and services directly. The platform is aimed at business professionals, young professionals, corporations and university students.

The platform allows employees of some of the largest companies to connect with each other to generate new business ideas and add value to their respective organizations. In a press release, the company said ENGAGE Oasis aims to create an opportunity for corporate users to expand its customer base while providing immersive services at a “reasonable price”.

According to the study, avatars and virtual locations should be “designed for professional users” and there will be no limits on the storefronts and meeting places they want to build. Here, the company envisions the platform as a new marketplace for digital corporations and artists to sell their digital items, while providing services through non-expendable tokens (NFTs), cryptocurrencies and fiat currencies.

https://virtualrealitytimes.com/2021/08/01/vr-education-portal-engage-raises-10-7-million-for-its-oasis-metaverse-for-business/https://virtualrealitytimes.com/wp-content/uploads/2021/08/ENGAGE-600×341.jpghttps://virtualrealitytimes.com/wp-content/uploads/2021/08/ENGAGE-150×90.jpgSam OchanjiBusinessStartupsThe firm behind ENGAGE’s virtual social realization platform, VR Education Holdings, announced last week that it had raised $ 10.7 million, funding that will be used to expand the platform beyond the immersive areas of education and training. towards a new metaverse known as ENGAGE Oasis. This is billed as …

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