The metaverse platform HELIX's developer, Hypersonic Laboratories, has completed a $7 million Series A financing round, led by Play Ventures.

the company behind the metaverse platform HELIX, Hypersonic Laboratories, announced the completion of a $7 million Series A funding round, led by Play Ventures, with participation from AppWorks, WTIC, KB Investment, and Alex Ekvall. The new funds will be used for the further development of Helix. It is reported that Helix will launch a closed alpha test version later this year, aimed at facilitating the creation of role-playing game modules and servers.

Hypersonic Laboratories previously built the H.E.L.I.X. metaverse and had completed a $3.5 million funding round in 2022, also led by Play Ventures.

According to the Web3 asset data platform RootData, HELIX (Hyper Expansive Lifelike Interoperable eXperience) is a high-fidelity metaverse platform centered around the concepts of true digital ownership and an independent player economy. Immerse yourself in Parallel City, a meticulously designed 1:1 scale entertainment venue of New York City, where users can freely explore land, meet new friends, play games, and earn tokens. The HELIX Metaverse is built by Hypersonic Laboratories.