Ready Player Me, a leading designer of interoperable avatar technologies, announced it had received $56 million USD in Series B funding led by Andreessen Horowitz (a16z) GAMES FUND ONE and a16z crypto. Entities contributing to the Series B funding round also include Endeavor, D’Amelio family, Punk6529, Snofro, Konvoy, Nordic Ninja, Collab Currency, and Kevin Hart’s Hartbeat Ventures. The funding aims to scale up the company’s staff from 51 employees and stabilise its earnings amid market volatility as numerous developers rely on their platform. The additional funds will boost flexibility and performance of the platform, add avatar creation tools and diversify real-time 3D (RT3D) assets for avatar demographics, and expand to other avatar platforms. Ready Player Me also teamed up with AR veterans 8th Wall to open developer tools for integrating avatars with browser-based experiences across extended reality (XR) headsets, mobiles, and PCs.
