On June 7th, Parcel revealed the successful completion of a $4 million seed funding round, with notable investors from both DeFi and TradFi sectors participating. Framework Ventures led the round, joined by key figures like Sebastian Borget, Santiago Santos, Aaron Wong, among others. This funding round marks a significant step towards Parcel's vision of empowering the metaverse real estate sector.

Parcel stands out as a unique platform dedicated to serving all virtual real estate needs in one centralized space. Unlike conventional NFT marketplaces, Parcel is specifically designed to offer essential tools for creating, building, and managing digital terrains.

Since its inception in 2021, the platform has made significant inroads into major metaverse projects across the crypto landscape. It aggregates real estate listings from Ethereum-based metaverses such as The Sandbox, NFT Worlds, Decentraland, Somnium Space, Voxels, and Mona. The project aims to address the growing demand for these digital landscapes among users.

The recent seed funding round amassed $4 million in investment from various VC firms and individuals, alongside Framework Ventures. Participants included Fifth Wall, Blizzard Fund, AVIV Group, Stake Capital, AppWorks, InterVest, Contents Technologies, Serafund, Sky9 Capital, and Great Oaks Venture Capital.

Notably, the round attracted angel investors from leading DeFi and TradFi firms, including Sebastien Borget from The Sandbox, Aaron Wong from SoftBank, Kieran Warwick from Illuvium, Santiago Santos, and Batuhan Dasgin, former Head of Business Development at CoinMarketCap.

The funds from this round will be directed towards developing Parcel's products, particularly the Creatorverse for virtual real estate. This platform will facilitate seamless connections between landowners and digital architects, allowing them to explore portfolios and find desired services for their digital landscapes. Additionally, Parcel plans to expand its support to other chains like Avalanche and Polygon, accelerate its Learn Program, and attract more investors in subsequent rounds.