Lumos Labs raises USD 1.1Mn for a developer-centric metaverse

The Lumos Metaverse creates a world where developers can interact, engage, build, and work within one holistic system.

Lumos Labs announced the launch of a developer-centric Metaverse platform where developers can learn, earn and explore developer-centric opportunities after raising over USD 1.1 Million in a seed round. Having curated a strong community of 60K developers, Lumos Labs aims to create a unified builder identity by consolidating Web3.0 opportunities in the experiential format of a metaverse platform.

The seed round was led by Global Web3 venture fund Delta Blockchain Fund and includes funding from leading VCs-  Superblock, Next Web Capital, Arcanum Capital, AG Build, Paradigm Shift Capital and multiple angel investors from the Web3 ecosystem.

“Lumos Labs was built with a vision of bringing blockchain technology to the forefront for developers and founders. Over the years, we have run multiple programs with over 40 Web3 partners while building a strong community of developers to achieve that goal. With the transition to the Metaverse, we are now striving further to strengthen and enable Web3 developers as they access several global opportunities, incentives, and knowledge on a single dedicated platform.” said Kaavya Prasad, founder, Lumos Labs.

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The Web3 space is driving the next wave of innovation, with the Global Blockchain Market expected to grow at a rate of 45 percent to reach USD 34 billion by 2026. However, the two big roadblocks that the ecosystem faces in its growth trajectory include the availability of proficient Web3 developers and the need for an organised, chain agnostic platform to aggregate and allow developers to upskill.

The Lumos Metaverse addresses the challenge by bringing all the leading players in the Web3 ecosystem under one umbrella. It allows developers to explore different opportunities from these chains and foundations and leverage different programs to hone their Web3 skills. The Lumos Metaverse creates a world where developers can interact, engage, build, and work within one holistic system. 

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The Metaverse will be an interactive platform for budding developers, entrepreneurs, and Web3 firms that will facilitate authenticated developer profiles, Web3 learning and hiring opportunities and provide frequent incentives to developers as they upgrade their skills.

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