Internet group Naver’s metaverse subsidiary will use the cash to support game studios in its ecosystem.

Naver Z, a 3D avatar and digital space design-focused subsidiary of South Korea-based internet conglomerate Naver Group, has formed a $100m metaverse fund, TechCrunch has reported. Formed in 2018, Naver Z operates online metaverse platform Zepeto, which enables users to develop and access metaverse spaces with custom avatars. The fund is set to launch in…

The rest of this content is only accessible to Global Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.