Tezos Foundation backs female-led NFT literature platform

Non-fungible token platform theVERSEverse has secured its first significant funding

Representation of NFTs being displayed in a virtual metaverse gallery                                 
theVERSEverse will use the capital from the Tezos Foundation to support several Web 3.0 initiatives for literature – Photo: Shutterstock
                                

TheVERSEverse, a female-led NFT platform that aims to encourage literary developments in Web 3.0, has secured its first significant funding from the Tezos Foundation.

The grant will enable the platform to deepen its Tezos tech integrations and help scale the business to support its mission of empowering writers via the blockchain and bringing mainstream readers into the metaverse.

TheVERSEverse – founded in 2021 by Ana Maria Caballero, Kalen Iwamoto and Sasha Stiles – will also support several Web 3.0 initiatives for literature and utilise Tezos’s blockchain technology to achieve these goals.

In a tweet, theVERSEverse said: “We’ll be working together with Tezos to build the future of literature in the metaverse.”

The platform has relied on Tezos’s tech integration since its inception last year, and has since established itself as one of the first literary projects to receive financing for advancements in the crypto space. Its ultimate goal is to leverage Tezos’s energy-efficient blockchain to push the boundaries of poetry and explore novel creative forms for new and established poets around the globe. 

In a statement shared on XTZ.news, theVERSEverse confirmed that Tezos’s “cost efficiency, minimal eco-impact, and ease of use” protocols present new opportunities for writers experimenting with metaversal literature. 

“That’s why theVERSEverse has been committed to exploring the future of literature via Tezos since launch,” said theVERSEverse. “We are very grateful for the ongoing interest from the global Tezos community, and are honoured to receive essential support from the Tezos Foundation at this pivotal moment for writers, editors, publishers and readers on the blockchain.”

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