Caduceus, a blockchain for metaverse infrastructure development, has raised $4 million, at an $80 million valuation, in an oversubscribed Series A round, according to the company.
The funding was led by Susquehanna International Group, founded by Jeff Yass.
Other investors include Bin Zayed Group, BlockFills, Qredo, TokenInsight, Nukkleus, Digital RFQ, and Luna VC. Former footballer and ex-England and Chelsea FC Captain, John Terry also participated.
Co-founder Tim Bullman said they are delighted that investors have recognised the value of the Caduceus Metaverse Protocol layer:
“Caduceus is developing a suite of developer toolkits and hardware solutions that create a rich environment for metaverse development enabling the building, financing and cross chain portability of 3D worlds and digital assets from metaverse to metaverse – all from a decentralised, fully modular, open access blockchain with lower transaction costs, higher speeds and greater security than any other public blockchain – and we are pleased to see the investment community recognising the huge potential of this ground breaking technology.”
Caduceus is described as a developer-friendly, easy-to-use underlying public chain platform that comes with its own complete set of development tools.
Bullman said that Caduceus is the home of the future and a place to “develop everything the metaverse has to offer,” including finance, commerce, creativity and more.