Estonia: Wolf 3D an Estonian startup building a virtual identity platform for games and VR, has raised around €1 million from Trind Ventures, Presto Ventures, Koha Capital, Spring Capital and Contriber Ventures with participation from a few angels. The company has now raised a total of around €2.3 million.
Founded in 2014, Wolf3D’s team has since built a successful avatar business and technology, working with many of the top 10 game and VR developers. The startup is now making its technology available for small and mid-sized developers and providing the first selected companies their avatar creation solution for free.
The software called Ready Player Me allows anyone to create a personal full-body avatar from a selfie that’s “transportable” between all of the games they are integrated with. One of Wolf3D’s key advantages is being able to support many different art styles of avatars for all kinds of game styles and genres.
“Games have become social media platforms – most of what people do in games these days is socializing,” said Timmu Tõke, the founder and CEO of Wolf3D. Illustrating the trend, Travis Scott’s record-breaking Fortnite concert back in April gathered more than 12 million people in a virtual space.