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A startup that helps people earn money in the metaverse just raised $1.9 million using this pitch deck
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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 wants people to come to the metaverse for social experiences, like chatting with friends and meeting other players.
Chillchat emphasizes people’s abilities to express themselves however they want.
Chillchat chose pixel art because it runs on essentially every device and won’t become obsolete as technology evolves.
Chillchat allows players to build worlds “tile by tile” with other players, similar to Minecraft, where you build block by block, said Au.
Chillchat is also working on a “world engine” that will let its players create games out of the worlds they built in its metaverse.
Chillchat sees itself as a mix of gaming, social media, and marketplace, all taking place in the metaverse.
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.
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.
Chillchat has a Creator program, funded by its $CHILL token, to encourage pixel artists, game creators and developers to create content within the platform.
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.
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.
Chillchat’s idea is that by encouraging better content, more players will come and use the token, increasing its value.