Metaverse Z ( app name is Project Z), a global GenZ-oriented gaming community, announced the completion of a ten-million dollar Series A financing. This round of financing was led by Ventech China, followed by Welight Capital,  and previous shareholders MSA Capital, Sinovation Ventures and Edge Ventures.

After this round of financing, Metaverse Z will launch a cooperation plan for high-quality games in China, and the selected game developers will be supported by overseas user acquisition and game community operations.

Headquartered in Singapore, Metaverse Z is currently the fastest growing Web3 gaming community and social app in the world. Through younger products, the company has quickly accumulated a large number of overseas GenZ users. At present, the company's monthly active users have reached 700,000, and users spend more than 50 minutes online each day, and most users come from natural growth. Company's current users are mainly concentrated in Latin America, and then the company will enter global markets such as Europe, America, and Southeast Asia.

Yin, founder and CEO of Metaverse Z, said: "Metaverse Z hopes to open up its game community to help game developers and gamers establish interaction mechanisms, share ideas, improve game experience and use the platform to reach more overseas player groups. The community of Metaverse Z also allows gamers to build friendships and deepen their relationship, discover good games through the social relationship chain, and play games in teams. At the same time, Metaverse Z also plans to gradually enhance the operation system construction of game developers to provide comprehensive game development. service, and cooperate with domestic and foreign game manufacturers to develop the international market.”

The Metaverse Z team comes from Google, Microsoft, Tencent, etc. Founder and CEO Yin has created social products with more than 50 million users in the United States.

Mr. Eric Huet, the Founding Partner of Ventech China, said: "The evolutionof China's game industry chain and strong production capacity will allow young people around the world to see more good content made in China. We believe that Metaverse Z will become a new generation of people to make friends and play games, and express themselves. We are optimistic that China will continuous export products/content with supply chain advantages to emerging markets for a long time, and games are an important one of them.”