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Metaverse developer Digital Village has raised $4 million in funding with significant investment from L\u2019Or\u00e9al\u2019s venture capital fund BOLD and the British Fashion Council.<\/p>\n
Partnering with VeChain (VET)<\/a>, Digital Village \u2018is building a scalable, sustainable and collectively prosperous metaverse.\u2019 After announcing the news, the VET price was up 2% to $0.021 a price not seen since November 12, 2022.<\/p>\n With $4 million in funding, Digital Village<\/a> is looking to revolutionize the way retailers and communities engage with one another. The platform provides Web3 developers with powerful tools to build stunning virtual experiences within the metaverse setting.<\/p>\n This money will further enhance those capabilities by introducing new tools for 3D world development, allowing users to create digital environments<\/a> like never before.<\/p>\n Not only that, the seed raise will be allocated to creating sophisticated avatar customization and virtual store development. Brands and content creators will be able to offer their customers the most immersive<\/a> digital experiences possible.<\/p>\n L\u2019Or\u00e9al\u2019s chief metaverse and Web3 officer, Camille Kroely, said the brand had invested in Digital Village as it was looking for leaders in the metaverse and Web3.<\/p>\n \u201cWe seek to work with the most promising start-ups who adhere to the highest possible visual and technical standards,\u201d said Kroely. \u201cWe are excited to be partnering with Digital Village, whose solutions will be powerful enablers for our brands and whose ideals of sustainability, accessibility and interoperability in the metaverse or Web3 are ones we share.\u201d<\/p>\n Co-founder of Venture Reality Fund, Marco DeMiroz, said the company was investing in Digital Village as its platform makes it easy for Web3 developers to build to the standards available.<\/p>\n \u201cThere is no simple end-to-end solution for virtual experiences as brands and creators have come to expect from e-commerce and website builder platforms,\u201d said DeMiroz. \u201cDigital Village\u2019s model solves this by providing robust, aesthetically advanced templates so that anyone can create accessible and interoperable immersive experiences.\u201d<\/p>\n \n