German Government Invests $1.2 Million in Metaverse Startup Flying Sheep Studios

The German authorities has allocated $1.2 cardinal successful backing for a metaverse crippled being developed by Flying Sheep Studios. The company, based successful Cologne, volition usage the funds for the improvement of a crippled called Star Life, which volition besides see blockchain elements successful the signifier of non-fungible tokens (NFTs).

Flying Sheep Studios Raises $1.2 Million From the German Government

Flying Sheep Studios, a Cologne-based metaverse startup, has precocious announced that it raised $1.2 cardinal from the German government. The funds raised volition beryllium utilized to make an online metaverse crippled called Star Life, a multimedia online role-playing experience.

The funding, which came from the German Federal Ministry for Economic Affairs and Climate Action, is portion of the allocation that the national authorities uses to enactment interactive experiences. This rise has allowed the institution to prosecute an further workforce to accelerate the completion of the game.

Thomas Rössig, managing manager of Flying Sheep Studios, stated this benignant of enactment is important to turn a nationalist metaverse and video crippled industry. He explained:

We are grateful to the German Federal Ministry for Economic Affairs and Climate Action for their enactment and spot successful our project. This backing demonstrates the national fund for video games moving arsenic intended, fostering the improvement of cutting-edge method know-how made successful Germany.

Star Life Details

Star Life, the crippled that volition beryllium developed with the funds raised, volition beryllium a free-to-play-anywhere crippled that volition absorption connected practice and socialization betwixt divers users, which volition beryllium portion of the game’s virtual metaverse.

The crippled volition besides integrate blockchain elements, with NFTs being items that volition beryllium capable to beryllium transported to different games and metaverses. This volition let users to person much power implicit however these optional elements volition beryllium managed connected the level and adjacent the accidental of establishing monetization options — though the instauration of a integer token for the crippled has not been announced yet.

While reports foretell that the metaverse volition look a cooldown signifier during 2023, immoderate countries person taken the work of backing these projects directly. This is the lawsuit with South Korea, which precocious announced an concern of $51 cardinal successful section metaverse-related projects. However, backstage companies similar Meta person precocious pivoted to enactment much funds into the artificial quality tract than successful the metaverse industry.

What bash you deliberation astir the German authorities investing successful a metaverse game? Tell america successful the remark conception below.

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