Sun. Apr 14th, 2024

• The LAMINA1 Ecosystem Fund (L1EF) has announced their inaugural investments in two disruptive Web3 companies, 0 Studio and Legitimate.
• The fund is designed to offer global accredited investors a way to gain direct investment access to early-stage Layer1 projects not previously accessible to the general public.
• 0 Studio is developing the future of immersive experiences and hyper-realistic digital avatars, while Legitimate bridges physical and digital experiences.

The LAMINA1 Ecosystem Fund (L1EF) Announces Inaugural Investments

Business Wire recently reported that the LAMINA1 Ecosystem Fund (L1EF), launched by LAMINA1 as the world’s first publicly-accessible rolling ecosystem fund for a Layer 1 blockchain, announced its inaugural investments in two disruptive Web3 companies that are building immersive technologies and experiences driving the future of the Open Metaverse: IP innovation lab and studio 0Studio, and Legitimate, a platform that bridges physical and digital experiences.

Investment Goals

The first-of-its-kind fund serves two goals: to offer global accredited investors a way to gain direct investment access to early-stage Layer 1 projects not previously accessible to the general public, and to provide Web3 builders a vehicle for raising capital for their Open Metaverse ventures. With a minimum commitment of $2,500 quarterly and $10,000 annually, L1EF’s AngelList roll-up structure allows accredited investors to access and co-invest in companies and entrepreneurs through quarterly subscriptions.

0 Studio Overview

Following an extensive process, 0 Studio was selected as one of the capital recipients due to its Web 3 innovation initiatives. Co-founded by renowned Metaverse and NFT artist Krista Kim and Academy Award nominated Emmy winning Producer Peter Martin, 0 Studio is developing the future of immersive experiences and hyper realistic digital avatars to realize their vision of a high fidelity interoperable metaverse that will allow for highest level of innovation an creative production possible.

Legitimate Overview

Legitimate was also selected as one of the capital recipients due it’s development initiatives in bridging physical with digital experiences on open metaverses. The platform has been set up with various tools aimed at providing users with seamless control over their data which includes creating unique identities from multiple sources including metadata from devices or external platforms like Twitter or Facebook. This helps them build trust amongst users when participating in activities such as smart contracts or blockchain based services .

Final Thoughts

The ultimate goal at L1 EF is invest in individuals who can help broaden the Lamina 1 platform while bringing forth visions of an open metaverse alive. With investments being made into both 0 Studio & Legitimate this marks yet another milestone towards this goal being achieved!

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