Peer Global Inc. has announced the successful completion of a $10.5 million funding round, which will support the expansion of its metaverse game engine. The funding, contributed exclusively by angel investors, brings the company’s total investment to $65.5 million. The sole investor in this round is the Family Office of Tommy Mai, who expressed confidence in Peer's approach to integrating artificial intelligence (AI) into digital experiences. The company intends to use the funds to expand its team and accelerate AI product development, reinforcing its efforts to create an interconnected, persistent virtual world.

About Peer

Alongside the funding announcement, Peer has introduced its "personal planets" feature, a new in-engine tool that allows users to create their own interactive 3D social spaces. According to founder Tony Tran, this feature is designed to offer an alternative to traditional social media by promoting more dynamic and engaging forms of interaction. Instead of relying on static feeds and passive scrolling, users can participate in immersive, shared experiences within the metaverse. The company believes this shift can create more meaningful digital interactions.

Peer Global Inc Raises $10.5 Million for Metaverse Engine

AI Integration and Future Web3 Experiences

AI plays a central role in Peer's metaverse engine, not only shaping the game's persistent world but also providing developers with tools to build interactive experiences. Peer’s technology enables games and virtual spaces within its platform to be seamlessly connected. Tran has emphasized that this approach differentiates Peer from other metaverse platforms, where digital experiences often exist in isolation. AI acts as the underlying framework that links people, places, and events in real-time, creating an intelligent and responsive virtual environment.

Investor Tommy Mai has highlighted the shift in digital engagement, noting that traditional websites and social networks are often static, leading to shorter attention spans among users. He believes that AI-driven spatial experiences, like those enabled by Peer, will play a key role in the future of digital interactions. He also expressed confidence that Tran and his team are well-positioned to develop this vision effectively.

Location-Based Mechanics and Monetization Plans

Peer is also exploring ways to integrate location-based mechanics within its platform, allowing users to engage with digital environments based on their physical movements. Tran explained that real-time location sharing will enable users to see others on a dynamic map, encouraging spontaneous interactions and real-world exploration. Instead of experiencing the fear of missing out (FOMO) through static social media posts, users will be able to actively participate in events, meet up with friends, and engage in collaborative activities within the metaverse.

The company also plans to introduce monetization features, including digital property sales and premium experiences. Long-term plans involve making the platform accessible across multiple devices, with a business model that includes subscription tiers and AI-driven advertising. These strategies are expected to support the platform's scalability while providing developers with additional revenue opportunities.

Immersive and Interactive Digital Worlds

Tran has emphasized that Peer is not just a gaming platform but a space where users can engage in AI-generated experiences that adapt dynamically. Developers will have the ability to create environments that evolve in response to player actions, making interactions more immersive and fluid. The company's approach to AI-driven content generation is expected to redefine how users experience digital spaces, moving beyond passive consumption to active participation.

As the metaverse continues to develop, Peer aims to position itself at the forefront of AI-powered social and gaming experiences. By leveraging AI to create interconnected, evolving digital worlds, the company seeks to provide a more engaging alternative to traditional social networks and web3 platforms.

Source: GamesBeat