The GV-backed virtual reality development platform has now raised more than $70m in total, after closing a Galaxy Digital Ventures-led series D round.

High Fidelity, the US-based social virtual reality (VR) platform developer backed by internet and technology group Alphabet, has raised $35m in its series D round.

Blockchain-focused investment firm Galaxy Digital Ventures led the round with a $20m investment through its Galaxy EOS Ecosystem Fund, participating alongside Breyer Capital, IDG Capital, Blockchain Capital and Vulcan Capital.

High Fidelity has built an open-source platform that enables users to create their own VR-based environments. The technology is scalable and users can move their…