New Paradigm Investment invests in 'Imagineus' with Pre-A funding

Imagineus has secured pre-Series A funding.
[Photo by Imagineus]

[Asia Economy Reporter Kim Jong-hwa] New Paradigm Investment, the operator of TIPS, announced on the 11th that it has made a Pre-A investment in the augmented reality (AR) metaverse startup 'Imagineus.' Existing investor Next Dream Angel Club also participated as a follow-up investor in this round.

Founded in 2019, Imagineus is a 3D and AR specialized development startup creating a metaverse world that breaks down the boundaries between the virtual and real worlds using unique AR and VR technologies. Currently, it has successfully developed the AR platform 'PARAVERSE,' which implements 3D immersive content close to everyday life, and is operating global services.

Park Je-hyun, co-CEO of New Paradigm Investment, said, "PARAVERSE is interoperable with various metaverse platforms such as Decentraland and The Sandbox, and enables the application of all existing non-fungible tokens (NFTs) in AR. It is the first domestic platform that allows users to summon their own digital creation NFTs into reality through augmented reality. We invested because of its high potential for global growth."

In February, Imagineus introduced the beta service combining PARAVERSE AR and NFTs for the first time in Korea. Users can instantly bring out not only 2D and 3D objects they own in the virtual world but also NFTs, display them in the real world, enjoy them vividly, and share photos and videos on existing social media platforms such as Twitter and Instagram.

Imagineus explained that when an NFT owner accesses the PARAVERSE website and links their virtual wallet, a My Universe is created, connected via a unique personal URL link. By clicking this, users can view their NFTs in augmented reality through the existing PARAVERSE app.

Kim Jin-sung, CEO of Imagineus, said, "PARAVERSE is a ready global service. It has surpassed 1.4 million experience counts, exceeded 45,000 users, and users come from over 140 countries. More than 70% of app users are from overseas. We plan to launch the official version of PARAVERSE NFT by the end of this year."

This content was produced with the assistance of AI translation services.