IMVU is a 3D Avatar Social App that allows users to create Virtual Worlds or Metaverse. It has over the years made a handful of minority investments in companies outside China, though it’s not nearly as aggressive as Tencent in terms of investment pace and volume.Ī NetEase spokesperson declined to comment on the investment in IMVU. Express your creativity by becoming an IMVU Creator. It is a natural fit for us to become partners,” he added.įounded in 2005, NetEase is now known for its news portal, music streaming app, education products and video games that compete with those of Tencent. Native Android App Development - Java programming language used to create an application that is compatible with Googles mobile operating system use Android. We have many shared business philosophies and complementary know-how. “IMVU operates one of the world’s oldest, yet most vibrant and young - in terms of our user base - metaverses. Download the latest version of the IMVU Desktop app. “NetEase operates some of the most successful, biggest in scale, and evergreen MMO games in China and they see in IMVU business highlights echoing theirs,” Daren Tsui, chief executive officer at Together Labs, told TechCrunch. A new parent organization called Together Labs was formed to oversee its flagship platform IMVU, in which users can create virtual rooms and chat with strangers using custom avatars, a product that’s today considered by some a dating platform a new service called Vcoin, which lets users buy, gift, earn and convert a digital asset from the IMVU platform into fiat and other virtual services. The fresh investment will be used to fund IMVU’s product development and comes fresh off a restructuring at the company. The company declined to disclose its post-money valuation. In this app, users can personalize their avatar. IMVU has raised more than $77 million from five rounds since it was co-founded by “The Lean Startup” author Eric Ries back in 2004. IMVU is an impressive social network with game elements that allows creating 3D avatars and meeting new people from different places. IMVU is a social app where users can create 3D avatars and interact with other users in virtual locations. Menlo Park-based Structural Capital among other institutions that also joined in the strategic round totaling $35 million. NetEase, the second-largest gaming company in China (behind Tencent), is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California. The line between social networking and gaming is increasingly blurring, and internet incumbents are taking notice. IMVU: online game & friends is a social game developed by IMVU, Inc.
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