SNEAK PEEK<ul><li>Improbable has partnered with Yuga Labs on the latter’s Otherside metaverse.</li><li>There has been a decline in terms of consumer curiosity in Web3.</li><li>Improbable CEO shared that the firm is financially sustainable and has an exciting growth rate.</li></ul>Improbable, the gaming tech startup is raising a fresh funding round of $111 million to build metaverse worlds for Web3 companies such as <a href="https://www.todaynftnews.com/bayc-the-story-of-the-most-successful-nft-ever/" rel="noopener noreferrer nofollow">BAYC</a> creator, Yuga Labs.Herman Narula, CEO of Improbable, said that the firm has almost achieved operating profitability. Initially, the firm faced a tough time in terms of marketing its technology that aims to provide giant virtual worlds for players to engage at the same time.Narula shared that their venture with Yuga Labs will make up for a major part of its revenue this year. The new round is projected to value the firm at $3.36 billion, which is more than $2.8 billion valuation that happened in 2018.In 2021, the company suffered a loss of $170.4 million, which left $63.9 million in its bank account during the end of 2021.<a href="https://www.todaynftnews.com/improbable-to-raise-new-funding-at-a-valuation-of-3-6-billion/" rel="noopener noreferrer nofollow">Continue Reading on Today NFT News</a>

Improbable to raise new funding at a valuation of $3.6 billion

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