• Loading stock data...
Thursday, July 17, 2025

Blockchain Meets Metaverse In Improbable Worlds’ $150M Round

Improbable
Improbable

Gaming startup Improbable Worlds has raised $150 million for its new project, M², which is now valued at $1 billion, according to the company.

M² is a blockchain-enabled system that connects to the metaverse. Improbable, which received a roughly $2 billion valuation in 2018, says M² is an independent entity.

Led by longtime Improbable backers Andreessen Horowitz and SoftBank Group, the round will help the startup focus on the future.

  • The company, which provides software supporting online multiplayer games, has seen high turnover from its top leaders.
  • Multiple games using Improbable’s technology have reportedly failed.

“We’ve basically deep-pivoted our tech and R&D and other stuff toward Web3 over the last year, and this is a product of that,” Improbable co-founder and CEO Herman Narula said about M².

How It Works

Improbable launched Morpheus last year, a product allowing more than 10,000 players to be in a virtual space together — a significant hike from the 100-person limit on “Fortnite.” Morpheus and M² will go together, allowing users to move between virtual worlds.

Crypto investors Digital Currency Group, Ethereal Ventures, and CMT also participated in the round. Because of the influence venture capitalists can have over projects similar to M² — they receive large amounts of crypto tokens that grant them votes — Narula made it clear that the investors won’t have majority control. 

“We want to get to a place where the communities that make up the network have a lot more say,” he said.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

May 13, 2025; Cleveland, Ohio, USA; Indiana Pacers guard Bennedict Mathurin (00) drives to the basket between Cleveland Cavaliers guard Ty Jerome (2) and center Jarrett Allen (31) during the second half of game five of the second round for the 2025 NBA Playoffs at Rocket Arena.

Penn Continues to Fight Activist Investor While Admitting Struggles

The activist battle is heating up ahead of Penn’s shareholder meeting next month.
July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.

Joe Dumars Leaving NBA League Office to Run Pelicans

Joe Dumars was the architect of the 2004 champion Pistons.
Mar 20, 2025; Providence, RI, USA; Arkansas Razorbacks forward Karter Knox (11) controls the ball against Kansas Jayhawks during the first half at Amica Mutual Pavilion.

Men’s March Madness Sets Opening-Day Viewership Record

CBS Sports and TNT Sports scored big with Arkansas–Kansas.

Mavericks Take Key Step Toward Potential New Casino, Arena in Irving

Mavericks CEO Rick Welts said the team wants to stay in Dallas.

Featured Today

Jul 21, 2024; Ayrshire, SCT; Xander Schauffele celebrates with Claret Jug after winning the Open Championship golf tournament at Royal Troon.

The Boozy History and Traditions of The Open’s Claret Jug

The Open awards the world’s most famous wine decanter.
2025 PDC World Darts Championship Final - Luke Littler vs Michael Van Gerwen
July 16, 2025

A Teen Darts Prodigy Is Becoming Bigger Than the Game Itself

Luke ‘The Nuke’ Littler is cashing in on his devastatingly accurate shot.
May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
exclusive
July 13, 2025

Track’s New Money Is Running Into Old Problems

The sport’s big-money era has hit some speed bumps in 2025.
Bobbleheads are seen at Vintage Indy Sports, Tuesday, April 29, 2025 in Speedway. The local sports memorabilia store opened recently.
July 12, 2025

Baseball’s Bobbleheads Are the Center of the Collectibles Universe

Baseball’s most important keepsake drives long lines—and big business.

UFC’s Vegas Sphere Fight Should Set Records

The MMA fight has big aspirations and a budget to match.
August 13, 2024

Duael’s One-On-One Racing Brackets Are Yet Another Stab at Saving Track

Duael will debut in March 2025 with the inaugural Duael 100.
September 8, 2024

Guardian Caps Make NFL Debut

Multiple NFL players wore Guardian Caps over their helmets Sunday.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
August 11, 2024

Guardian Caps Have Arrived in the NFL—Ahead of Schedule

Colts star Jonathan Taylor strapped one on for Sunday’s preseason game.
August 5, 2024

How Omega Timing Determined Noah Lyles Won Olympic Gold

Omega touches every corner of the Olympics.
The Adidas ball has changed over the years.
July 25, 2023

The Most Advanced Tech at the Women’s World Cup Might Surprise You

This year’s OCEAUNZ introduces connected ball technology to the women’s game.
Sponsored

Rewriting the Sports Media Playbook

WSC’s highlight automation improved Clemson’s content strategy and overall growth.