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A startup that helps people earn money in the metaverse just raised $1.9 million using this pitch deck
Chillchat
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- Chillchat is a create-to-earn social metaverse where players can mint and sell characters as NFTs.
- The startup has raised a $1.9 million seed round, led by Solana Ventures and Animoca Brands.
- See the key slides from the pitch deck it used to convince investors to back its latest fundraise.
Social metaverse startup Chillchat on Wednesday said it has raised a $1.9 million seed round, which it plans to use to further develop its in-platform game offerings and expand its team.
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Chillchat is a social metaverse that allows players to create, mint and sell pixel-art NFT characters.
Chillchat
Chillchat wants people to come to the metaverse for social experiences, like chatting with friends and meeting other players.
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Chillchat emphasizes people’s abilities to express themselves however they want.
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Chillchat chose pixel art because it runs on essentially every device and won’t become obsolete as technology evolves.
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Chillchat allows players to build worlds “tile by tile” with other players, similar to Minecraft, where you build block by block, said Au.
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Chillchat is also working on a “world engine” that will let its players create games out of the worlds they built in its metaverse.
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Chillchat sees itself as a mix of gaming, social media, and marketplace, all taking place in the metaverse.
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Chillchat believes it has an advantage in reaching women, who skew towards social and casual games on mobile, where they’re relatively big spenders, Au said.
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To combat the problem of high virtual land prices keeping creators out of the metaverse, Chillchat allows infinite levels within each of its 250,000 worlds.
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Chillchat has a Creator program, funded by its $CHILL token, to encourage pixel artists, game creators and developers to create content within the platform.
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To kickstart the creation process, the Chillchat team hand-created 1,000 unique characters, which were auctioned for 2 SOL and were recently trading at 30 SOL.
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Chillchat gives out its $CHILL token to incentivize creators, but players will also earn tokens passively by staking their tokens. The token is used to govern the platform via its structure as a DAO.
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Chillchat’s idea is that by encouraging better content, more players will come and use the token, increasing its value.
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