Metaverse platform developer Mars Labs has announced securing an investment and a partnership with Web3 investment company DWF Labs. The collaboration includes a $1 million investment from DWF Labs, which will focus on Mars Labs’ global metaverse game platform, The Mars Metaverse.
Through this partnership, Mars Labs will work with DWF Labs for marketing efforts for global expansion of the overall businesses operated by Mars Labs, such as MRST and PBOS Tokens, NFTs, and The Mars Metaverse. The metaverse platform is based on the red planet, and the company aims to create a fun metaverse game that everyone can play.
Kevin Chang, CEO of Mars Labs, commented on the partnership:
“It is an honor to receive investment from a globally recognized venture capital and form a strategic partnership. Mars Labs and DWF Labs will have a deep cooperative relationship in various fields as their experience in various Web3-based technologies and business meets Mars Labs.”
Switzerland-based DWF Labs is a global Web3 venture capital firm supporting global expansion by investing in and advising promising Web3 projects. The company formed its fifth international branch in Korea this year.
The Mars Metaverse, scheduled for official launch in 2024, is planned to become a play-to-earn metaverse. Among other content, a wide range of gameplay will be available on the platform, including camping, basketball, racing, and busking.