Metamall Closes IDO Round Worth $400,000 Metamall is as an integrated NFT marketplace which provides an exclusive store to trade NFTs created or used in the Metamall metaverse

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Metamall, the metaverse of high-end real estate that allows buyers to own, build, develop and stake virtual real estate as NFTs, has raised $400,000 in its Initial Dex Offering (IDO) round with the supply of 80 million tokens.

IDO is a standard fund-raising tool used by crypto-based startups which follows private investors. Metamall has already raised $4.6 million in its Seed, strategic and private rounds and more than $2 million through NFT land sales.

"Our community of crypto influencers and investors has provided support in building Metamall. With the spread of their words, we have reached the public round of fund-raise and look forward to making the platform live in three-six months. Our MVP will be live by April," Serge Gianchandani, co-founder of Metamall.

Metamall is recognized as an integrated NFT marketplace that provides an exclusive store to trade NFTs created or used in the Metamall metaverse. It provides a secure, blockchain-powered tool to create, showcase and trade NFTs. The marketplace also provides unique capabilities such as auction listing, governance mechanisms, trading history, profile-based suggestions, sale notifications and NFT drops notifications. Built on the Solana Blockchain network, Metamall features native token MALL for users to buy virtual real estate and earn money by leasing, staking, advertising and developing the real estate based on choice, said a statement.

Since the first round of Seed funding, Metamall has offered a consistent rise in its token price. Starting with $0.00200, Metamall is offering a token price at $0.00500 in the public round, added the statement.

Wavy Line
Shrabona Ghosh


A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 

Related Topics

Growing a Business

How to Disrupt Hustle Culture and Build a Business That Supports Your Wellness

You can leave work at five each day. You can turn off your phone in the evenings and take weekends off. You can exercise. You can be fully present with your family. You will be better for it, and so will your business.


5 Traits and Characteristics of Successful Entrepreneurs in 2023

Entrepreneurship has become the new trending topic in the business world. In 2023, the entrepreneurial world is expected to flourish more than ever, and it will take a certain set of skills to be a successful entrepreneur. This article highlights what it takes to be a successful entrepreneur in 2023.

News and Trends

EV Finance Company Revfin Secures $5 Million Investment From DFC

Revfin plans to utilize the funds for new products and expansion to new geographies

Growing a Business

14 Easy Ways to Rank Your Website Higher on Google

Despite Google's algorithm and regular updates, you can quickly boost your website's ranking with these tips.

Growing a Business

How to Grow Your Business With Social Media

Miriam Fried, owner of MF Strong, shares why a solid online presence, including social media and Yelp, is important for starting a business and achieving continued growth.

Growing a Business

How to Build a Thriving Community That Will Skyrocket Your Business

Build a strong community, and transform your business with these proven strategies.