Get All Access for $5/mo

OneRare Raises $2 Million In Funding Round The fundraising round was led by key blockchain venture capitalists

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

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

OneRare

OneRare, the first-ever project to build a metaverse for food, gaming, and NFTs on the blockchain ecosystem, has raised $2 million in a funding round.

The fundraising round was led by key blockchain venture capitalists including Arkstream Capital, Momentum 6, StableNode, Exnetwork Capital, Enjinstarter, Everse Capital, Kangaroo Capital, Tag Ventures, Maven Capital, 1010 Capital, CSP DAO, Skyman Ventures, FF Ventures, ZBS Capital, and Lucid Blue Ventures.

The company's move to establish the next wave of the blockchain metaverse has not only attracted investors but also imminent angels including Nischal Shetty, founder at WazirX, SebastienBorget, co-founder of Sandbox, Sandeep Nailwal of Polygon, Ravindra Kumar, founder of Frontier, Edmond Truong, founder of Formation Fi and Tamar Menteshashvili from Solana.

Sharing her thoughts on the funding, Supreet Raju, co-founder, OneRare, said, "The blockchain industry is growing at a rapid pace, with more and more people around the world exploring Web3 applications. We are a critical point in the industry's evolution as global interest grows, and people look to engage in their first blockchain experience. The conversion of interest to interaction will determine the next wave of blockchain adoption."

We started building OneRare around the theme of food to celebrate global cuisines and give every user something familiar, something they can relate to. Food has no language and we feel proud to be the first team to bring food to the Metaverse, the world's first foodverse, the co-founder added.

Shrabona Ghosh

Correspondent

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. 
Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Science & Technology

Why Businesses Are Relying on Automation to Survive the Labor Crisis

Robots are revolutionizing industries by addressing labor shortages and enhancing efficiency, while businesses navigate challenges like workforce adaptation and high implementation costs.

Green Entrepreneur®

How Global Business Leaders Can Build a Sustainable Supply Chain

Businesses can build sustainable supply chains by leveraging technology to reduce environmental impact, optimize resources and track emissions while balancing operational efficiency and sustainability goals.

Celebrity Entrepreneurs

The Pep Talk From Mickey Mouse We All Need to Hear, Compliments of Chris Diamantopoulos

Chris Diamantopoulos, the star of "The Sticky," "Red Notice" and the voice of Mickey Mouse, gets real about resilience, chasing dreams, and his desperate wish for a normal hobby.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.