Intel and Wargaming Group both exited the metaverse gaming platform developer in a deal which could be the first of several in the rapidly growing space.

Blockchain game developer Mythical Games purchased UK-based metaverse streaming technology developer Polystream for an undisclosed sum on Tuesday, providing exits for chipmaker Intel and game publisher Wargaming Group.

Polystream has developed a software platform that makes it easier for gamers to access 3D virtual worlds in the metaverse and hop from one to the other without needing to download large data files.

Intel’s corporate venturing unit, Intel Capital, led Polystream’s $12m series A round in 2019 with backing from…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.