Multiverse Raises $4 Million

Posted on June 10, 2007

3pointD.com reports that Multiverse, a company building a virtual world platform and browser, has received 4 million in venture capital funding. Multiverse CEO Bill Turpin sees an Internet-like explosion coming in virtual worlds.

Multiverse CEO and Co-Founder, Bill Turpin, and the other Multiverse co-founders who are veterans from Netscape's early days, helped create much of the core technology that fueled the growth of the World Wide Web.
"Similar to what we experienced with the Internet in 1995, our vision today is to spark explosive growth of 3D virtual worlds," Turpin said. "As an industry, we're just now beginning to understand this new medium's enormous potential. Empowered by our technology, the next wave of online pioneers will create a wide variety of virtual worlds faster and for less money than ever before."

These 3D virtual worlds will probably lead to some incredibly useful products and services but it will take time for the metaverse to grow. Eventually some of today's popular social networks will probably add virtual worlds of their own or merge with virtual world providers.