Elrond-Based ‘Open Metaverse’ Data Platform Itheum Lands $1.5 Million Seed Round

Elrond-Based ‘Open Metaverse’ Data Platform Itheum Lands $1.5 Million Seed Round


January 11, 2022 – Dubai, United Arab Emirates

Itheum has secured a $1.5 million seed round from Morningstar Ventures that will also provide further incubation for the Elrond-based Itheum project to ensure appropriate growth from its initial stages so it can reach its full potential.

Itheum is the first project coming out of the Elrond Dubai incubator launched by Morningstar Ventures in October 2021. The incubator is part of a $15 million initiative funded by Morningstar Ventures to bring more developers and projects to the Elrond ecosystem.

Elrond’s unique state-sharding approach can process transactions at unprecedented speeds, paving the way for

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