Space Metaverse
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Space Metaverse (also known as Space) was a metaverse platform, founded by Batis Samadian, that gave users tools to design their own virtual spaces for social commerce. Through a desktop app, web page, or VR headset, users could build and customize shops, galleries, music venues, hangars, and amphitheaters, display virtual goods for purchase, and browse together with avatars and spatial audio. Stripe-powered point-of-sale tools were built in, and the company positioned itself as the 'economic glue' connecting virtual worlds, courting brand partnerships for NFT galleries, virtual events, and immersive shopping.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Brand partnerships
Space began partnering with major brands to launch immersive shopping experiences, pitching 3D storefronts, NFT galleries, and virtual events as the next step beyond flat e-commerce.
- $7M funding round
The company raised $7 million in a round backed by CoinFund, Dapper Labs, Animoca Brands, Digital Currency Group, and HOF Capital to build virtual worlds for arts and commerce, releasing an early-access alpha that had already reached about 10,000 users.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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