Why Pivot is Backing Metakraft

 

The immersive entertainment market has experienced substantial growth, drawing attention from both audiences and creatives. This boom is largely driven by advancements in virtual and augmented reality (XR), which are reshaping the entertainment industry. The affordability and accessibility of XR technologies, 3D visualizations, and spatial audio have made a significant impact on sectors such as gaming, education, and more. As these technologies evolve, the line between digital and physical realities is blurring, transforming what was once futuristic into a present-day reality. This dynamic evolution in XR technology has attracted VC funding  as investors recognize the industry's immense potential.

Although still in its early stages, immersive entertainment is already making waves in industries like gaming, film, and music. Innovations like Apple’s Vision Pro are showcasing the huge potential for immersive experiences, and we are witnessing the technology expand into other fields such as retail, healthcare, and education. Industry projections show a significant impact, with XR technologies expected to become a staple across various sectors. According to some research, the industrial XR market will grow to $500 billion by 2030, with XR training and similar high-value applications driving most of the growth. Xpivot and other investors in this space see huge promise for the future of immersive entertainment.

Metakraft: The Emerging Pioneer We're Backing

Amid this rapid market expansion, Metakraft has emerged as a promising startup. This innovative platform is leveraging AI to transform standard Web2.0 experiences into immersive Web3.0 environments. Metakraft’s no-code platform allows anyone to create, share, and monetize immersive virtual experiences. Powered by Generative AI, the platform makes it easy to generate 3D models, fostering greater creativity and accessibility for all users. At Pivot, we’re thrilled to support Metakraft and welcome them into our Web 3.0 acceleration program as part of our continued commitment to angel funding and supporting transformative startups.

The Founders: Pivot’s Key Focus

At Pivot, we always put the founders first, carefully evaluating the leadership behind any startup we choose to back. Metakraft’s leadership is one of the primary reasons we are confident in our decision to provide VC funding. CEO Abhishek Roushan brings a strong background in blockchain and startups, while COO Srikant Kanuri combines a rich e-commerce experience with academic excellence from Harvard. CPO Gaurav Mishra’s expertise in AI and cloud technology rounds out the team, further reinforcing our belief in Metakraft’s potential. These leaders have worked at top tech companies like Gather, Unity, Unreal, Indigg, and Antier, making them a powerful team ready to lead Metakraft into the Web3.0 revolution.

Democratizing Digital Experiences

One of the most exciting aspects of Metakraft’s platform is its ability to democratize digital content creation. The no-code approach makes it easier for creators to develop and monetize 3D content, allowing anyone to participate in the creation of immersive virtual spaces. By integrating Generative AI into the platform and Pivot Partners Metakraft ensures that creators, from hobbyists to professionals, can create high-quality 3D models and environments with ease. This innovation not only helps elevate the creator economy but also attracts angel funding, as more investors see the vast opportunities in this space.

Metakraft's Product Innovations

Metakraft’s product suite stands at the forefront of innovation in digital content creation. Its AI-driven 3D Texture Generator and Voice/Text to 3D Generator allow creators to produce stunning 3D models quickly and easily, simply by describing their vision out loud. These tools are transforming the creative process, making 3D content creation more accessible than ever. Investors interested in VC funding are particularly drawn to such game-changing innovations, recognizing that Metakraft is setting new standards for the digital creation space.

The Addressable Market

The market for immersive entertainment is expanding rapidly, and Metakraft is strategically positioned to capitalize on this growth. According to research, the immersive entertainment market is projected to grow from $87.51 billion in 2022 to $519.77 billion by 2030. This growth is driven by increasing demand for immersive experiences in industries like education, healthcare, and advertising. As the market continues to grow, companies like Metakraft that are focused on simplifying 3D content creation and bringing Web 3.0 to life will be essential players in this space. Xpivot sees Metakraft as a leader in this trend, making it a prime candidate angel funding

The Changing Dynamics of the Market

The dynamics of the immersive entertainment market are rapidly evolving. With the increasing integration of XR technologies across various industries, from entertainment to education, businesses are adopting these technologies to stay competitive. Metakraft’s suite of AI-driven tools positions it perfectly to be a key player in this transformation, providing creators with the tools they need to build interactive and engaging digital environments. This change in market dynamics makes Metakraft an attractive investment for angel funding alike, as it offers a cutting-edge platform poised for future success.

Future-Ready Use Cases

Metakraft’s platform is designed to support a wide variety of industries, including design, education, and entertainment. By unlocking the creative potential of users, Metakraft is helping shape the future of digital content creation. The platform's seamless integration of Generative AI technology allows creators to bring their ideas to life in immersive 3D environments, whether they are in the gaming industry or the educational sector. As these industries continue to explore new uses for immersive technologies, Metakraft is poised to lead the way, making it an ideal recipient of Pivot Partners.

Core USP: Generative AI

The heart of Metakraft’s platform lies in its Generative AI technology. This powerful AI engine enables creators to generate highly detailed 3D models with remarkable speed and efficiency, taking 3D content creation to new heights. By simplifying the creative process, Metakraft is helping artists, designers, and educators bring their visions to life in immersive digital spaces. Investors looking to fund cutting-edge technology and angel funding opportunities will find Metakraft’s AI-driven platform a compelling choice for the future of Web3.0.

Metakraft's Traction and Partnerships with Industry Giants

Metakraft has demonstrated impressive traction since its launch. The platform has garnered over 4,100 monthly sessions, 25,000 early access requests, and an average session time of 28 minutes. In its first operational year, Metakraft generated $50K in revenue and is projected to reach $250K in 2024. Metakraft has also secured key partnerships with industry leaders like Nvidia, AWS, and Reliance Tessaract, further validating its potential. These collaborations not only bolster Metakraft’s credibility but also position it to scale rapidly, making it a great investment opportunity for Pivot Partners.

The Future of Metakraft: Expansion and Impact

Looking ahead, Metakraft is not just about the platform it has today but the future it enables tomorrow. With plans to expand its tools and explore new use cases, Metakraft is on track to redefine the digital content creation space. Xpivot’s strategic support through angel funding will continue to help Metakraft scale and explore new opportunities in the rapidly evolving immersive entertainment market.

Pivot’s Role in Metakraft’s Growth

Pivot’s involvement with Metakraft goes beyond simply providing VC funding. We are committed to supporting Metakraft through strategic guidance, ensuring it navigates the regulatory challenges associated with emerging technologies. By working closely with Metakraft, Pivot is helping the company overcome barriers to growth while positioning it as a leader in the Web3.0 space.

CEO Remarks

Anshul Dhir, Founder of Pivot, remarked, "Welcoming Metakraft into Pivot’s acceleration program is a significant milestone in our journey. Their AI-driven approach to democratizing content creation aligns perfectly with our mission to support transformative technologies. We are excited to see what this partnership brings."

Abhishek Roushan, CEO of Metakraft, added, "Partnering with a visionary accelerator like Xpivot is a game-changer for us. Their belief in our mission to transform content creation is invaluable. This partnership will help us redefine what is possible in the world of immersive experiences."

Conclusion: A Bright Future Ahead for Metakraft

Pivot’s decision to back Metakraft is an investment in the future of digital content creation. As the immersive entertainment market continues to grow, Metakraft’s platform, powered by Generative AI, will play a central role in shaping the future of Web3.0. With Pivot Partners strategic support, Metakraft is poised to become a leader in the immersive digital content space.