Portals raises $5 million to build its city in the metaverse

Portals today announced it has raised $5 million in a round of funding. It will put that money towards building its planned visions of a metaverse metropolis, built on the Solana blockchain.

The fundraise was led by Greylock with participation from Multicoin Capital, Solana Ventures, Foundation Capital, Alameda Research, Sino Global Capital, and others. Sarah Guo, Greylock partner, said in a statement, “We see Portals as the most promising browser-based metaverse platform. It is a social space that you can explore, invest in, make your own, and gather with others. We’ve been blown away by the team’s velocity, quality, and vision. Along with a growing community, they’re crafting a fun, dense virtual city people actually want to visit.”