Edverse, one of the most promising educational startup and most sought-after metaverse initiatives, has raised $700,000 in its seed round.
The funding round was led by blufolioAG, Crypto Oasis Sentio, Vulcan Forged, TDeFi, Grizzly Capital, and Encryptus.
With the initial round of investment, the company plans to deliver on its promise of empowering the four key stakeholders--Learners, Educators, Promoters, and Creators. It will also power its macro goal of decentralized and democratized education through the world’s most immersive, insightful, and interactive educational metaverse.
Co-founded by Gautam Arjun and Yuvraj Krishan Sharma, Edverse offers digital cosmos of interconnected and tech-actuated learning, enabling learners to enhance their education through immersive tech and can hyper-personalize their learning journey. The platform functions on the ‘4E’ corollary framework of Engage, Enrich, Empower, and Excel.
The pillars of Edverse are Learners, Educators, Creators, and Promoters. These stakeholders profoundly bridge the ‘phygital’ divide and enable an ecosystem of limitless, interconnected learning. Learners are the new-age students pursuing subject knowledge, skills, and systemic enhancements. The Educators get a chance to exploit the largest repository of Ed-NFTs and empower generations of Learners. The Creators on the platform can sell on-demand Ed-NFTs and become community certified, and last but not the least, the Promoters get a chance to buy, sell, and rent land within Edverse to support institution establishment and creation of learning spaces.
It is an initiative of the team that has previously successfully collaborated with the mammoth global Pearson and provided an avant-garde immersive learning experience to over 200,000 learners.
Talking about the company, Co-founder and CEO of Edverse, Gautam Arjun, said:
"What you see as Edverse today started probably a decade back in terms of collating ideas and developing it with the cutting-edge tech available in the market at any given point in time. We are driven by the observation that the world is facing a learning crisis today. Decentralizing education and democratizing access, and thus placing the emphasis on the learners is the way around this setback. And with great players on board, Edverse is at the cusp of achieving this global utopia."
Edverse is led by the team, which is the sole AR module provider from India, trusted and partnered with Google.
The startup will enable those on the platform to share immersive learning experiences and upskill themselves in socially relevant contexts, and boost student motivation and retention through strategically developed learning journeys. The students will also have deep insights into their level of understanding and learning prowess through curated experiences.
Adding further about the platform, Co-founder and CPO of Edverse, Yuvraj Krishan Sharma, said:
"Edverse can actuate a never-seen-before interaction infrastructure, and with models like ‘Learn2Earn’ and ‘Wear2Earn’, a vast new horizon of possibilities opens up for any sincere player within the educational landscape."
The company is planning to empower the stakeholders through an exponentially mutating Web3.0 realm with exclusive access to virtual properties, crypto marketplaces, subject matter maestros, and the world’s most expensive virtual library.
Taking the journey forward, Edvesre is also keeping an eye on 1.2 billion K-12 students and 250 million students to pursue higher education, with the pioneering probe into the possibilities of the metaverse, and expects to better their lives. It also plans to have 85 Million educators, and over 20,000 recognized HEIs globally, and Edverse anticipates empowering them.