Singapore metaverse startup BuzzAR gets $3.8M from F50 Elevate and others

BuzzAR has raised $3.8 million seed funding to create an inclusive metaverse. The round is oversubscribed with participation from F50 Elevate in Texas, USA, regional venture capitals (VCs), angels including former Marina Bay Sands executive Ian Wilson, IP & Brand Protection expert Peter Hlavnicka. BuzzAR will use the seed funding to hire, set up a United States office, launch a Web3 product, called CryptoToon, an avatar non-fungible tokens (NFTs) platform in the coming weeks.